Common stock $5 stated value (900,000 shares authorized, 620,000 shares issued)................. $3,100,000 Paid-in capital in excess o stated value-common stock ....1,240,000 Retained Earnings ....$4,875,000 Treasury Stock (48,000 shares at cost) .... 288,000

The following selected transactions occurred during the year: Jan 15: Paid cash dividends of $0.06 per share on common stock. The dividend had been properly recorded when declared on Dec. 1 of the preceding fiscal year for $34320

Mar.15 Sold all the treasury stock for $6.75 per share.

Apr 13. Issued 200,000 shares of common stock for $8 per share.

June 14. Declared a 3% stock dividend on common stock, to be capitalized at the market price of the stock which is $7.50 per share.

July 16. Issued the certificates for the dividend declared on June 14

Oct 30. Purchased 50,000 shares of treasury stock for $6 per share.

Dec 30 Declared a $0.08 per share dividend on common stock 31 Closed the credit balance of the income summary account, $775,000. 31. Closed the two dividends accounts to retained earnings.

ENTER INTO T ACCOUNTS.

It grades as I go and everything I enter into it is wrong. Im so lost any help is greatly appreciated!