1) ABC Corporation declared $5,000 of cash dividends Date Account 2) ABC Corporation paid the dividends declared in 1) Date Account Debit Credit Debit Credit 3) ABC Corporation declared a 2% stock dividends. There are 100,000 shares of $5 par common stock outstanding. On the date of declaration, the market price was $12 per share. Date Account Debit Credit from the stock dividend declared in (3) 3 4 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 4) ABC distributed the shares from the stock dividend declared in (3). Date Account Debit Credit 1) ABC Corporation purchased 1,000 shares of their own $5 par common stock at $10 per share. Date Account 2) ABC Corporation sold 400 shares of treasury stock for $12 per share. Date Account 3) ABC Corporation sold 200 shares of treasury stock at $9 per share. Date Account Debit Credit Debit Credit Debit Credit