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Horton Company began business on January 1, 2014 by issuing all of its 1,000,000 authorized shares of its $1 per value common stock for $20

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Horton Company began business on January 1, 2014 by issuing all of its 1,000,000 authorized shares of its $1 per value common stock for $20 per share. On June 30, they declared a cash dividend of $1 per share to stockholders of record on July 31. They paid the cash dividend on August 30. On November 1, Horton reacquired 200,000 of its own shares of stock for $25 per share. On December 22 they resold half of these shares for $30 per share. Prepare all of the necessary journal entries to record the events described above (If no entry is required for a transaction/event, select "No Journal entry Required" in the first account field.)

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