A company began the current year with the following balances in its stockholders' equity accounts Common stock - $10 par, 500 share authorised, 200 share issued and outstanding Paid-in capital excess of par, common stock Retained earnings Total $2,000 1,000 5.000 8,000 All outstanding common stock was issued for $15 per share when the company was created. Prepare journal entries to account for the following transaction during the current year a. Jan 10 The board declared a $0.20 cash dividend per share to shareholders of record on January 28