Entries for Selected Corporate Transactions Morrow Enterprises Inc, manufactures bathroom fotures. The stockholms sury accounts of Morrow internes line with rices on January 1, 2015. are folowe Common Stock, 510 stated value (300.000 shares authod, 200,000 shares med 3.600,000 Paid-in Capital in Excess of stated Valve Common Stock 400,000 Retained Earrings 4,540.000 Treasury Stock (20,000 shares, at a cost of $15 per share) 300,000 The following selected actions cuirea curia the year Jan 22. Paid cash vidends of $0.12 per share on the common stock the dividend had been properly recorded when declared on Decembet of the preceding focal year for $21,600 Apr. 10. Issued 40,000 shares of common stock for $16 per share June 6 sold all of the treasury stock for $300.000 Declared a 4 stock dividend en common stock, to be cated at the market once of the stock, which is a per Aug 15. sed the certificates for the divident declared only Nov. 23. Purchased 13,000 shares of treasury stock for $260.000 Dec. 28. Declared a 10.15-share dividend on common stock 33 closed the two dividends account to Red Earnings Itequired: 1. The art ces have been entered in Tunts for the stock quity accuraced the severaction in the courts and December where were Common Stock ana 2,000,000 31 Paid-In Capital in Excess of stated Valve-Common Stock Om My work Sand Subtracting Alved Paid-In Capital in Excess of Stated Value-Common Stock Jan. 1 Bal. 400,000 Dec. 31 Bal. Retained Earnings Jan. 1 Bal. 4,540,000 Dec. 31 Bal.