Journal Entry Worksheet: (please refer to the picture as well)
1, Record the issuance of 46,000 additional shares of $1 par value common stock for $43 per share.
2, Record the purchase of 4,100 shares of treasury stock for $46 per share.
3, Record the declaration of a cash dividend of $1.05 per share to all stockholders of record on June 15. (Hint: Dividends are not paid on treasury stock.)
4, Record payment of the cash dividend declared on June 1.
5, Record the resale of 2,050 shares of treasury stock purchased on May 10 for $51 per share.
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1 2 Record the issuance of 46,000o additional shares of $1 par value common stock for $43 per share. Note: Enter debits before credits. Date General Journal Debit Credit March 01, 2022 "/>
Extracted text: On January 1, 2022, The Eightles Shop has 100,000 shares of common stock outstanding. The Eighties Shop Incurred the following transactions In 2022. March 1 Issues 46,0ee additional shares of $1 par value common stock for $43 per share. May 10 Purchases 4,100 shares of treasury stock for $46 per share. 1 Declares a cash dividend of $1.05 per share to all stockholders of record on June 15. (Hint: Dividends are not paid on June treasury stock.) 1 Pays the cash dividend declared on June 1. July October 21 Resells 2,850 shares of treasury stock purchased on May 10 for $51 per share. Requlred: Record each of these transactions. (If no entry Is requlred for a particular transactlon/event, select "No Journal Entry Requlred" In the first account fleld.) View transaction list Journal entry worksheet 3 4 5 > 1 2 Record the issuance of 46,000o additional shares of $1 par value common stock for $43 per share. Note: Enter debits before credits. Date General Journal Debit Credit March 01, 2022