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Exercise 13-18 Cash dividends, treasury stock, and statement of retained earnings LO C3, P2, P3 Alexander Corporation reports
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(to record payment of dividend declared) Required 1 Journal Entries Date Credit particulan Debit 2.1.17 Treasury stock $750009.717 cash (4400 [1200 slaves $30) $36000 $ 30000 Treasury stock [1200 shares x425] paid-in capital from slo llc & 6000 treas9.9.17 Retained Earnings &59400 $59400 Dividend payable (30000-3000 +1200+500]* $2 (to record the declaration of dividend toRequired. 2 particulas Amount $340000 Refaind Earning as on 31-12.16 (+) Netpoolt $52000 Total $392000 G Caub dividends deela

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