Answer Question 5 anego Company has retained earnings of $600,000, common stock of $700,000, and total common stockholdneo for equity of $1,400,000. It has 100,000 shares of $7 par value common stock outstanding which is currently s t $20 per share. Manego Company declares a 15% stock dividend on its common stock, make the journal record the transaction. y selling for BONUS Question Cleveland Company Stockholder's Equity consisted of the following on December 29, 2012 Common stock, $2 par value, 100,000 shares authorized, 50,000 shares issued and 49,800 shares outstanding Additional paid-in capital Cuthonned, 30,00 pha ves s e n ,800 shares $10,000 400,000 300 Paid-in capital, treasury stock 500,300 Total contributed capital 90,000 Retained earnings Total contributed capital and retained earnings 590,300 Less treasury stock 4,000 Total stockholder's equity 586,300 On December 30, 2012, Cleveland Company retired the remaining 200 shares of its treasury stock. The treasury stock had been purchased for $20 per share. Prepare the journal entry to record the retirement of the treasury