Houghton Company began business on January 1, 2015 by issuing all of its 2,100,000 authorized shares of its $1 par value common stock for $40 per share. On June 30, Houghton dedared a cash dividend of $1.75 per share to stockholders of record on July 31. Houghton paid the cash dividend on August 30. On November 1, Houghton reacquired 420,000 of its own shares of stock for $45 per share. On December 22 Houghton resold 210,000 of these shares for $51 per share. Required: a. Prepare all of the necessary journal entries to record the events described above. (If no entry is required for a transaction/event, select"No Joumal Entry Required" in the first account field.) View transaction list Journal entry worksheet Record the issue of 2,100,000 authorized shares of $1 par value for $40 per share. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal Type here to search