1. Shamrock Corporation has outstanding 18,000 shares of $5 par value common stock. On August 1, 2017, Shamrock reacquired 220 shares at $82 per share. On November 1, Shamrock reissued the 220 shares at $70 per share. Shamrock had no previous treasury stock transactions. Prepare Shamrocks journal entries to record these transactions using the cost method. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

Date	Account Titles and Explanation	Debit	Credit
8/1/17
11/1/17

2. Culver Inc. declared a cash dividend of $2.15 per share on its 4 million outstanding shares. The dividend was declared on August 1, payable on September 9 to all stockholders of record on August 15. Prepare all journal entries necessary on those three dates. (Enter answers in dollars. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

Date	Account Titles and Explanation	Debit	Credit
Aug. 1Aug. 15Sep. 9
Aug. 1Aug. 15Sep. 9
Aug. 1Aug. 15Sep. 9