Accounting 2 Stockholders Equity

problem 13-2B page 538
	10-Jan	Dr	cash			240000
			Cr	treasury stock, common stock			240000
	2-Mar	Dr	Retained earnings			120000
			Cr	common dividend payable			120000
	31-Mar	Dr	common dividend payable			120000
			CR	cash			120000
	11-Nov	Dr	Cash			156000
			Cr	treasury stock, common stock			144000
			Cr	contributed capital, treasury stock			12000
	25-Nov	Dr	cash			76000
		Dr	contributed capital, treasury stock			12000
		DR	retained earnings			8000
			CR	treasury stock, common stock			96000
	1-Dec	DR	Retained earnings			250000
			Cr	common dividend payable			250000
	31-Dec	Dr	income summary			536000
			Cr	Retained earnings			536000
	2			Baycore corp
			Statement of Retained Earnings
			for the year ended 31 dec 2006
	retained earnings, dec 31 2005 previously reported						1080000
	Plus	net income				536000
	less	cash dividends declared				370000
		treasury stock, common stock				8000	158000
	retained earnings, dec 31 2006						1238000
3			Baycore Corp
		Stockholders Equity on dec 31 2005
	Common stock - $1par value, 160000 shares authorized,
	100000 shares issued and outstanding						100000
	contributed capital in excess of par value						700000
	Retained earnings						1238000
	Total stockholders equity						2038000