AAA Corporation had 95,000 shares of no-par common stock issued and outstanding as of January 1. The stated value of the stock is $5 per share. The following events occurred during the year. On April 1, 25,000 additional shares of common stock were issued at a price of $17 per share. On June 15, the board of directors declared a cash dividend of $1 per share to stockholders of record on June 30. The $1 cash dividend was paid on July 10.

On December 1, 2,000 more shares of common stock were issued at a price of $19 per share.

Dec. 15 Declared a cash dividend of $1.20 per share on outstanding shares to stockholders of record on December 31.

Instructions

(a) Create the entries needed to record these transactions.