24. Victoria Company reported the following information and amounts of contributed capital in the stockholders' equity accounts as of January 1, 2016:

Common stock, par $5, authorized 50,000 shares;

Issued and outstanding 30,000 shares----- $ 150,000

Additional paid-in capital------ $ 100,000

Indicate journal entry to record each of the following transactions by entering the letter code corresponding to each account that would be debited and credited. Enter the code letter and the amount of each debit and credit. (Note: there may be more than a single account to debit or a single account to credit in each transaction.) The transactions, including the example (labeled "Ex."), are not related.

A. Cash

B. Dividends payable

C. Common stock

D.Additional paid-in capital

E. Retained earnings

F. Treasury stock

Transaction Debits Credits

Ex. Paid a previously declared cash dividend of $2,000.

Code Amount Code Amount

B $ 2,000 A $ 2,000

1. Dec. 1, 2016The board of directors declared a $2 per

share cash dividend payment, which will be paid in 2017.

2. Dec. 28, 2016The corporation purchased 200

of its own shares at $10 per share.