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Feb. 10 On February 1, Clark Corporation has 200,000 shares of $6 par value common stock issued and outstanding. The following represents capital stock transactions

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Feb. 10 On February 1, Clark Corporation has 200,000 shares of $6 par value common stock issued and outstanding. The following represents capital stock transactions that occurred during the year after February 1. In the space provided below, prepare journal entries to record these transactions (include the date of the transaction) before the journal entry) (7 Points): Declared a 15% stock dividend. Market price per share was $20. Mar. 15 Issued the shares for the stock dividend declared on February 10 Jun. 30 Distributed additional shares of capital stock in a 2-for-1 stock split. Market price per share was $30 at the time the stock split was announced. July 15 Repurchased 100,000 shares of common stock in the open market, market price at the time of repurchase was $15 per share Sept. 1 Issued 5,000 shares of 10% preferred stock, par value $100 for $500,000 cash Declared a 10% stock dividend. Market price per share was $30. Reissued 50,000 shares of our treasury stock at a market price of $50 per share Oct. 17 Nov 30

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