Alfred Company began year 2019 with the following balances in its stockholders' equity accounts.

Common Stock-$10 par, 500,000 shares authorized,

200,000 shares issued and outstanding$2,000,000

Paid-in capital in excess of par, common stock1,000,000

Retaining earnings5,000,000

Total$8,000,000

All outstanding common stock was issued for $15 per share when the company was created.

Jan. 10The board declared a $0.10 cash dividend per share to shareholders of record Jan. 28.

Feb. 15Paid the cash dividend declared on January 10.

Mar. 31Declared a 20% stock dividend. The market value of the stock is $18 per share.

May 1Distributed the stock dividend declared on March 31.

July 1Purchased 30,000 shares of treasury stock at $20 per share.

Sep. 1Sold 20,000 treasury shares at $26 cash per share.

Dec. 1Sold the remaining 10,000 shares of treasury stock at $7 cash per share.

Required:

Prepare journal entries to account for the aforementioned transactions during year 2019.

(If you like, you can copy the following table into your answer space and insert rows for preparing the entries)