INSTRUCTIONS: Aggregate Mining Corporation was incorporated five years ago. It is authorized to issue $500,000$ shares of $$100$ par value $8\%$ preferred stock. It is also authorized to issue $750,000$ shares of $$1$ par value common stock. It has issued only $50,000$ of the common shares and none of the preferred shares.

Treasury Stock

Building Common Stock

Additional Paid$-$in Capital from Common Stock Cash Land

Retained Earnings Common Stock Dividend Distributable Cash Dividends Payable

Preferred Stock Equipment Additional Paid$-$in Capital from Preferred Stock

PLEASE NOTE: For accounts having similar accounting treatment $($DR or CR$),$ you are to record accounts in the same order as shown in the textbook. You must enter the account names exactly as written above and all whole dollar amounts will be with $"$$$"$ and commas as needed $($i$.$e$.$ $$12,345).$

In its sixth year, the corporation has the following transactions:

A$.$ Mar. $1-$ Declared a cash dividend of $$2$ per share:

Account Debit Credit

B$.$ Mar. $30-$ Payment of the cash dividend:

Account Debit Credit

C$.$ Jul. $10-$ Declared a $5\%$ stock dividend when the stock is trading at $$15$ per share:

Account Debit Credit

D$.$ Aug. $5-$ Issues the stock dividend:

Account Debit Credit