Belray Company reports the following components of stockholders' equity on January 1. Common stock-$10 par value, 120,000 shares authorised, 50,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity During the year, the following transactions affected Its stockholders' equity accounts. January 2 Purchased 5,000 shares of its own stock at $23 cash per share. January 5 Directors declared a $2 per share cash dividend payable on February 28 to the February 5 stockholders of record. February 28 Paid the dividend declared on January 5. treasury shares at $27 cash per share. August 22 Sold 2,500 of its treasury shares at $19 cash per share. July 6 Sold 2,500 of its September 5 Directors declared a $2 per share cash dividend payable on October 28 to the September 25 stockholders of record. October 28 Paid the dividend declared on September 5. December 31 Closed the $259,500 credit balance (from net income) in the Income Summary account to Retained Earnings. Requirement General Journal General Ledger Trial Balance Statement of Stockholders RE Equity $ 500,000 75,000 410,000 $ 985,000 Impact on Equity For each transaction, indicate the impact on total stockholders' equity. Enter decreases to equity as negative values. Verify that total Stockholders' equity as of December 31, as calculated, agrees with the amount reported on the balance sheet. Dates: January 01 to: January 01

Name: **Delray Company Stockholders' Equity Overview**Delray Company report
Uploaded: 2024-03-05T11:47:04.000Z
Channel: Bartleby
Description: **Delray Company Stockholders' Equity Overview**Delray Company reports the following components of stockholders' equity on January 1:- **Common Stock ($10 par value, 120,000 shares authorized, 50,000 shares issued and outstanding):** $500,000- **Pai