2.

Entries for Issuing Stock

On January 22, Ireland Corporation issued for cash 19,000 shares of no-par common stock at $15. On February 14, Ireland issued at par value 2,000 shares of preferred 4% stock, $100 par for cash. On August 30, Ireland issued for cash 32,000 shares of preferred 4% stock, $100 par at $105.

Journalize the entries to record the January 22, February 14, and August 30 transactions. If an amount box does not require an entry, leave it blank.

Jan. 22	Accounts ReceivableCashCommon StockPaid-In Capital in Excess of Par-Preferred StockPreferred StockRetained Earnings	- Select -	- Select -
	CashCommon StockPaid-In Capital in Excess of Par-Preferred StockPaid-In Capital in Excess of Stated ValuePreferred StockRetained Earnings	- Select -	- Select -
Feb. 14	Accounts ReceivableCashCommon StockPaid-In Capital in Excess of Par-Common StockPreferred StockRetained Earnings	- Select -	- Select -
	CashCommon StockPaid-In Capital in Excess of Par-Common StockPaid-In Capital in Excess of Par-Preferred StockPreferred StockRetained Earnings	- Select -	- Select -
Aug. 30	Accounts ReceivableCashCommon StockPaid-In Capital in Excess of Par-Common StockPreferred StockRetained Earnings	- Select -	- Select -
	CashCommon StockPaid-In Capital in Excess of Par-Common StockRetained EarningsPreferred Stock	- Select -	- Select -
	CashCommon StockPaid-In Capital in Excess of Par-Common StockPaid-In Capital in Excess of Par-Preferred StockRetained Earnings	- Select -	- Select -

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Entries for Cash Dividends

The declaration, record, and payment dates in connection with a cash dividend of $83,000 on a corporation's common stock are October 1, November 7, and December 15.

Journalize the entries required on each date. If no entry is required, choose "No Entry Required" and leave the amount boxes blank. If an amount box does not require an entry, leave it blank.

Oct. 1	Cash Dividends PayableCash DividendsCashCommon StockNo Entry Required	- Select -	- Select -
	Cash Dividends PayableCash DividendsCashCommon StockNo Entry Required	- Select -	- Select -
Nov. 7	Cash Dividends PayableCash DividendsCashCommon StockNo Entry Required	- Select -	- Select -
	Cash Dividends PayableCash DividendsCashCommon StockNo Entry Required	- Select -	- Select -
Dec. 15	Cash Dividends PayableCash DividendsCashCommon StockNo Entry Required	- Select -	- Select -
	Cash Dividends PayableCash DividendsCashCommon StockNo Entry Required	- Select -	- Select -