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2; Journalizing Transactions (6.25 marks) A. On January 1, 2019, Brightness Corporation had 30,000 shares of its $1 par value common stock outstanding. During 2019
2; Journalizing Transactions (6.25 marks) A. On January 1, 2019, Brightness Corporation had 30,000 shares of its $1 par value common stock outstanding. During 2019 the following transactions occurred: February 1: The Company issued 4,000 shares of common stocks at $3 per share. April 3: The Company purchased 1,000 shares of its own stock at $4 per share. July 1: The Company declared a cash dividends of $1.5 per outstanding share. July 15: The Company paid the cash dividends declared on July 1 for the stockholders of record on July 10. September1: The Company sold 300 shares of its stock purchased back on April 3 at $5 per share. Journalize the above transactions
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