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All part of 1 question, Alexander Corporation reports the following components of stockholders equity on December 31, 2013: Alexander Corporation reports the following components of

All part of 1 question,
Alexander Corporation reports the following components of stockholders equity on December 31, 2013:
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Alexander Corporation reports the following components of stockholders' equity on December 31, 2013: Common stock $25 par value, 50,000 shares authorized, 825,000 33,000 shares issued and outstanding Paid-in capital in excess of par value, common stock 66,000 Retained earnings 350.000 Total stockholders' equity 1,241,000 in year 2014, the following transactions affected its stockholders' equity accounts. Jan. 2 Purchased 3,300 shares of its own stock at $25 cash per share. Jan. 7 Directors declared a $1.50 per share cash dividend payable on Feb. 28 to the Feb. 9 stockholders of record. Feb. 28 Paid the dividend declared on January 7. July 9 Sold 1,320 of its treasury shares at $30 cash per share. Aug. 27 Sold 1,650 of its treasury shares at $20 cash per share. Sept. 9 Directors declared a $2 per share cash dividend payable on October 22 to the September 23 stockholders of record Oct. 22 Paid the dividend declared on September 9. Dec. 31 Closed the $55,000 credit balance (from net income) in the Income Summary account to Retained Earnings. Required 1. Prepare journal entries to record each of these transactions for 2014

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