Bb CEs To T Bb 21FFAC X Bb Red Shelf X Exploring x E Technolo X Course X 5 Test Pres X Are Ghos X C On JanuEx M Your one x + learn.unm.edu/bbcswebdav/pid-6376397-dt-content-rid-59797834_1/courses/XLSVXIWC202110/21FFAC_chapter_11_exercises_student%20.docx W 21FFAC_chapter_11_exercises_student .docx File Edit Format Tools Help All changes saved at -/MyFiles/Downloads/21FFAC_chapter_11_exercises_student. Download A Share Normal Arial 11 B I U A- A, MGMT FFAC Ch 11: Exercises Item 1: On January 1, 2021, Entity L had 75,000 shares of $1 par value common stock issued and outstanding. During the year, the following transactions occurred: Mar. 1 Issued 90,000 shares of common stock for $675,000 June 1 Declared a cash dividend of $2.00 per share to stockholders of record on June 15 June 30 Paid the $2.00 cash dividend Dec. 1 Purchased 5,000 shares of common stock for the treasury for $18 per share Instructions: Prepare journal entries to record the above transactions. 6 09:37