2 2 Prepare journal entries to record each of these events. (f no entry is required for a trensaction/event, select "No Journal Entry Required" in the first account field.) rt 2 of 3 Record the purchase of $350,400 common stock now held in treasury. 1 r share $260,200 3 Record the payment of the dividend Record the issue of 104,000 new shares of so.10 parCredit value, for $2 per share. s Record the entry to close Dividends account. 2 3 of 3Next > Type here to search