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Cullumber Company uses the chart of accounts shown below. 1 Cash 2. Accounts Receivable 2 3. Sales Revenue 4. Dividends Payable 5. Preferred Stock 6.

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Cullumber Company uses the chart of accounts shown below. 1 Cash 2. Accounts Receivable 2 3. Sales Revenue 4. Dividends Payable 5. Preferred Stock 6. Common Stock D 7. Paid-in Capital in Excess of Par Value-Preferred Stock 8. Paid-in Capital in Excess of Par Value-Common Stock Treasury Stock 9. 10 Cash Dividends 11. Stock Dividends 12 No Entry Use the numbers preceding each account title to create journal entries for each situation. Account titles may be used more than once or not at all, and journal entries may have multiple accounts. Item is provided as an example (Enter answers in numerical orter on multinntries frontaried celeste Entry for the account titles and enter for the amounts.) Use the numbers preceding each account title to create journal entries for each situation. Account titles may be used more than once, or not at all, and journal entries may have multiple accounts. Item O is provided as an example. (Enter answers in numerical order on multiple entries. If no entry is required, select "No Entry for the account titles and enter for the amounts:) Accounts Debited Accounts Credited 0. 1 2 Entry Information Collected cash from a customer, $512 Received authorization from the State for 51.200 shares of $0.40 par value common stock Issued 6.400 shares common stock for $8 per share 1 2 3. Declared a 80.60 cash dividend per share to common stockholders 4. Purchased 2,560 shares of the company's own common stock at $11.00 per share 5. Paid the dividends previously declared Use the numbers preceding each account title to create Journal entries for each situation, Account titles may be used more than once or not at all, and journal entries may have multiple accounts. Item O is provided as an example. (Enter answers in numerical order on multiple entries. If no entry is required, select "No Entry" for the account titles and enter for the amounts) Account(s) Debited Accounts) Credited Debit Amount Credit Amount 1 1 2 $512 5512 of $0.40 par value common stock $ $ $ ckholders $ $ stock at $11.00 per share $ 5 5

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