Exercise #4		10 points
		On January 1, 2014, Magnus Corporation had 60,000 shares of $1 par value common stock issued and outstanding. During the year, the following transactions occurred:
Mar.	1	Issued 25,000 shares of common stock for $550,000.
June	1	Declared a cash dividend of $2.00 per share to stockholders of record on June 15.
June	30	Paid the $2.00 cash dividend.
Dec.	1	Purchased 5,000 shares of common stock for the treasury for $22 per share.
Dec.	15	Declared a cash dividend on outstanding shares of $2.25 per share to stockholders of record on December 31.
		Prepare the appropriate journal entries for the transactions of Magnus Corporation detailed above. Omit Explanations. Please skip a line between each entry.