Question
1. During 2019, Road Pavement Corp. engaged in the following selected transactions: Jan 01: Issued 25,000 shares of $3 par value common stock at $7
1. | During 2019, Road Pavement Corp. engaged in the following selected transactions:
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| Jan 01: | Issued 25,000 shares of $3 par value common stock at $7 per share.
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| Jun 15: | Re-acquired 1,000 shares of common stock sold in Jan for $6 per share.
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| Aug 10: | Sold 400 shares of its re-acquired common stock purchased in June for $9 per share.
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| Sept 30: | The Board of Directors declared and recorded a cash dividend of $0.20 per share outstanding to its share holders.
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| Nov 30: | Paid the cash dividend declared in September.
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| Dec 15: | Issued another 5,000 shares of common stock at $10 per share.
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| Required: | |
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