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Current Attempt in Progress On January 1 , 2 0 2 5 , Acme Corporation had 7 5 , 0 0 0 shares of
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On January Acme Corporation had shares of $ par value common stock issued and outstanding. During the year, the following transactions occurred:
Mar. Issued shares of common stock for $
June Declared a cash dividend of $ per share to stockholders of record on June
June Paid the $ cash dividend.
Dec. Purchased shares of common stock for the treasury for $ per share.
Dec. Declared a cash dividend on outstanding shares of $ per share to stockholders of record on December
Net income for totaled $
Prepare journal entries to record the above transactions. Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select No Entry" for the account titles and enter for the amounts. List all debit entries before credit entries.
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