Illustration What would be the journal entries made by a corporausn on March 25? PAGE 1 Iatu 0,s20,00 ash dividend on March 10, payable on April 6 to shareholders of reeord GENERAL JOURNAL CREDIT DEBIT PR. DATE DESCRIPTION HH Inc. has 5,000 shares issued and outstanding. The per share par value is $2, book value $30 and market value is $50. 12% stock dividend is declared GENERAL JOURNAL PAGE 1 DATE DESCRIPTION PR. DEBIT CREDIT Exchanging Plant Assets V-On May 30, 2007, Matrix, Inc. exchanged a used bus and $45,000 cash for a new European-style bus. The old bus originally cost $50,000, had up-to-date accumulated depreciation of S35,000. The new bus had a market value of S39,000. GENERAL JOURNAL PAGE 1 PR. DEBIT CREDIT DATE DESCRIPTION