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During 2025, the corporation had the following transactions and events pertaining to its stockholdersi equity. Mar. 1 Issued 6,800 shares of commonstock for $90 per
During 2025, the corporation had the following transactions and events pertaining to its stockholdersi equity. Mar. 1 Issued 6,800 shares of commonstock for $90 per share. June 22 Purchased 1,100 additional shares of common treasury stock at $11 per share. Sept. 1 Declared a 10\% cash dividend on preferred stock, payable October 1. Oct. 1 Paid the dividend declared on September 1. Dec Deciared a $0.70 per share cash dividend to common stockholders of record on December 15. payable Decembe 2025. 31 Determined that net income for the year was $117.000. Paid the dividend declared on December 1. Journalize the transactions for the dates shown. Include entries to close net income and dividends to Retained Earnings. (Record journal entries in the order presented in the problem. Credit account titles are outomotically indented when omount is entered, Do not indent manually. If no entry is required, select "No Entry" for the occount titles and enter O for the amounts. List all debit entries before credit entriec. (To close net income)
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