correctly. Must show all calculations to receive credit. Journal entries should be in proper format. Should be submitted on Canvas. Can be entered in text box or attachment in Word, Excel, or PDF form. No late work accepted. Zinnia Company: Zinnia Company incorporated on January 1, 2017. The company had authorized 1,500,000 shares of common stock, with a par value of $5 per share. The company had the following transactions during 2017: Jan. 15 ssued 50,000 shares of common stock for $8 per share. Sept. 1 Repurchased 5,000 shares of their common stock for $7 per share. Nov. 1 Declared a $.50 per share cash dividend to be paid on Dec. 30 to stockholders of record on Required 1. Prepare the necessary journal entries to record the above transactions. (12 points) Date Account Titles Debit Credit 2. Assume that Zinnia Company declared a 15% stock dividend on Nov. 1 instead of a cash dividend. If the stock was trading at $10 per share on Nov. 1, what journal entry would the company record on Nov. 1? (3 points] Date Account Titles Debit Credit