=+Instructions Journalize the entries to record the transactions. Identify each entry by letter.

Ivy Enterprises Inc. manufactures bathroom fixtures. The stockholders’ equity accounts of Ivy Enterprises Inc., with balances on January 1, 2010, are as follows:

Common Stock, $8 stated value (600,000 shares authorized, 400,000 shares issued) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $3,200,000 Paid-In Capital in Excess of Stated Value . . . . . . . . . . . . . . . . . . 600,000 Retained Earnings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7,100,000 Treasury Stock (30,000 shares, at cost) . . . . . . . . . . . . . . . . . . . . 240,000 The following selected transactions occurred during the year:

Jan. 7. Paid cash dividends of $0.18 per share on the common stock. The dividend had been properly recorded when declared on November 30 of the preceding fiscal year for $66,600.

Feb. 9. Issued 50,000 shares of common stock for $600,000.