(Solved): \table[[\table[[No],[1]],\table[[Date],[January 02]],Account Title,\table[[Debit],[92,000]],Credit ...

\table[[\table[[No],[1]],\table[[Date],[January 02]],Account Title,\table[[Debit],[92,000]],Credit],[Treasury stock, Common,],[,,Cash,(,,92,000],[2,January 05,Retained earnings,(,80,000\times ,],[,,Common dividend payable,(,,80,000\times ],[3,February 28,Common dividend payable,(,,],[,,Cash,(,,],[4,July 06,Cash,(,,],[,,Treasury stock, Common,(,,],[,,Paid-in capital, Treasury stock,(,,],[5,August 22,Cash,,,],[,,Paid-in capital, Treasury stock,(,,],[,,Treasury stock, Common,(,,],[6,September 05,Retained earnings,(,,],[,,Common dividend payable,(,,],[7,October 28,Common dividend payable,O,,],[,,Cash,(,,],[8,December 31,Income summary,(,,],[,,Retained earnings,(,,]] Prepare the Statement of Retained Earnings for Porter Corporation for the year ended December 31. 15 October 28 Paid the dividend declared on September 5. points December 31 Closed the

credit balance (from net income) in the Income Summary account to Retained Earnings. Answer is not complete.Dates: January 01Porter Corporation reports the following components of stockholders’ equity on January 1. Common stock—$10 par value, 110,000 shares authorized, 40,000 shares issued and outstanding $ 400,000 Paid-in capital in excess of par value, common stock 60,000 Retained earnings 330,000 Total stockholders' equity $ 790,000 During the year, the following transactions affected its stockholders’ equity accounts. January 2 Purchased 4,000 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. July 6 Sold 2,000 of its treasury shares at $27 cash per share. August 22 Sold 2,000 of its treasury shares at $19 cash per share. 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. General Journal tab - Journalize the transactions related to the notes and accounts payable of Porter Corporation. The General Ledger, Trial Balance and Schedule of Payables will be updated based on your entries. General Ledger tab - One of the advantages of general ledger software is that posting is done automatically. To see the detail of all transactions that affect a specific account, or the balance in an account at a specific point in time, click on the General Ledger tab. Trial Balance tab - General ledger software also automates the preparation of trial balances. A trial balance lists each account from the General Ledger, along with its balance, either a debit or a credit. Total debits should always equal total credits. Statement of Retained Earnings tab - Prepare the Statement of Retained Earnings for the Porter Corporation for the year ended December 31. Stockholders' Equity tab - Prepare the Stockholders' equity section of Porter Corporation's December 31 balance sheet. Impact on Equity tab - For each transaction, indicate the total change in Stockholders' Equity, if any. Verify that total equity, as calculated, agrees with the amount reported on the Stockholders' Equity tab.1 GL1101 (Algo) - Based on Problem 11-2A LO C3, P2, P3 Porter Corporation reports the following components of stockholders' equity on January 1. During the year, the following transactions affected its stockholders' equity accounts. January 2 Purchased 4,000 shares of its own stock at

cash per share. January 5 Directors declared a

per share cash dividend payable on February 28 to the February 5 stockholders of record. February 28 Paid the dividend declared on January 5. July 6 Sold 2,000 of its treasury shares at

cash per share. August 22 Sold 2,000 of its treasury shares at

cash per share. September 5 Directors declared a

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

credit balance (from net income) in the Income Summary account to Retained Earnings. Answer is not complete. General Journal tab - Journalize the transactions related to the notes and accounts payable of Porter Corporation. The General Ledger, Trial Balance and Schedule of Payables will be updated based on your entries. Please answer in the same format as the questions, using a chart. Thank you!