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Required1. Record the transactions in the general journal. January14 Declared a $90,000 cash...

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Accounting

Required1. Record the transactions in the general journal.
January14 Declared a $90,000 cash dividend, payable on March 1 to the shareholders of record on February 1. Indicate the amount payable to each class of shareholder.
February28 Issued 16 comma 000 common shares for $6.00 per share.
March 1 Paid the cash dividend declared on January 14.
April 1 Declared a 20 percent share dividend on the common shares, distributable on May 2 to the shareholders of record on April 15. The market value of the shares was $6.40 per share.
May 2 Distributed the share dividend declared on April 1.
July 4 Repurchased 4 comma 200 of the company's own common shares at $6.75 per share.
September 2 Issued 3 comma 200 common shares for $7.25 per share.
November 2 Split the common shares 2 for 1.
December 31 Reported net income of $190 comma 000. Closed the Income Summary account.
Required 2. Prepare the statement of shareholders' equity for the year ended December31,2023.
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