The equity sections from Edmunds Groups 2016 and 2017 year-end balance sheets follow.

Stockholders Equity (December 31, 2016)
Common stock$4 par value, 150,000 shares authorized, 60,000 shares issued and outstanding	$	240,000
Paid-in capital in excess of par value, common stock		36,000
Retained earnings		200,000
Total stockholders equity	$	476,000

Stockholders Equity (December 31, 2017)
Common stock$4 par value, 150,000 shares authorized, 69,810 shares issued, 5,500 shares in treasury	$	279,240
Paid-in capital in excess of par value, common stock		94,860
Retained earnings ($44,000 restricted by treasury stock)		360,000
		734,100
Less cost of treasury stock		(44,000	)
Total stockholders equity	$	690,100

1A .The following transactions and events affected its equity during year 2017.

Jan.		5		Declared a $1.20 per share cash dividend, payable on January 10.
Mar.		20		Purchased treasury stock for cash.
Apr.		5		Declared a $1.20 per share cash dividend, payable on April 10.
July		5		Declared a $1.20 per share cash dividend, payable on July 10.
July		31		Declared a 18% stock dividend when the stocks market value was $10 per share.
Aug.		14		Issued the stock dividend that was declared on July 31.
Oct.		5		Declared a $1.20 per share cash dividend, date of record October 10.

record payment of the 10/10/2017 dividende

close income summary to retained earnings.

1B

Create General Ledger

1C

Create Trial Balance

1D Cash Dividends

1E Stock Dividend

General Ledger General Cash Dividends Trial Balance Requirement Stock Dividend Journal Note: The ending equity balances should agree with the December 31, 2017 Statement of Stockholders' Equity Dates: Jan 01 to: Dec 31 General Ledger Account Cash Common stock Balance No. Date Debit Credit No. Date Debit Credit Balance 1,014,072 240,000 Jan 01 Jan 01 Retained earnings Paid-in capital, Common No. Date Debit Credit Balance Date Debit Credit Balance 36,000 Jan 01 200,000 Income summary Date Credit No. Debit Balance Jan 01 (538,072) General Journal Trial Balance > Cash Dividends General Journal General EStock Dividend Requirement Trial Balance Ledger Calculate the dollar amount of each cash dividend Dates: Jan 01 to: Dec 31 Calculation of Cash Dividends April 05 October 05 January 05 July 05 How many common shares are outstanding? Dividend per share Total cash dividend Trial Balance Stock Dividend References General Journal General Cash Dividends EStock Dividend Requirement Trial Balance Ledger Calculate the amount of retained earnings to be capitalized as a result of the stock dividend. Dates: Jan 01 to: Dec 31 Capitalization of retained earnings due to stock dividend: Number of shares outstanding on July 30 Percentage of stock dividend Number of shares to be issued Amount to be capitalized per share Total amount to be capitalized Cash Dividends Stock Dividend>