1) Richey May Co. issues 7,000 shares of $2.50 par value common stock for $11 per share. a. What is the journal entry to record this transaction? (You may or may not need all rows of this textbox). b. Richey May Co. repurchases 425 of its own common shares for Treasury for 6.25 per share. What is the journal entry to record this transaction? (You may or may not need all rows of this textbox) c. Assuming the above transactions represent all of the common stock activity d. Assuming the above transactions represent all of the common stock activity e. Assuming the above transactions represent all of the common stock activity of Richey May Co., how many common shares are issued? of Richey May Co., how many common shares are in treasury? of Richey May Co., how many common shares are outstanding? 2) On Nov. 2, 2018, the board of directors of Cherry Creek Inc. declared a $8.00 per share cash dividend on 110,000 shares of $1 par value common stock. The dividend will be paid to stockholders' who own shares on Dec. 14, 2018. The dividend will be paid on Feb. 23, 2019. What journal entry, if any, is required on each of the following dates? a. Nov. 2, 2018 b. Dec. 14, 2018 c. Feb. 23, 2019