Instructions Journalize the entries to record PR 13-4A Entries for selected corporate transactions OBJ.3,4,5,7 equity accounts of Morrow Enterprises Inc., with balances on January 1, 20Y5, are as follows: Morrow Enterprises Inc. manufactures bathroom fixtures. The stockholders' Common Stock, $20 stated value (500,000 shares authorized, 375,000 shares issued)..... Paid-In Capital in Excess of Stated Value-Common Stock.. Retained Earnings Treasury Stock (25,000 shares, at a cost of $18 per share)... The following selected transactions occurred during the year: $7,500,000 825,000 33,600,000 450,000 Jan. 22. Paid cash dividends of $0.08 per share on the common stock. The dividend had been properly recorded when declared on December 1 of the preceding fiscal year for $28,000. Apr. 10. Issued 75,000 shares of common stock for $24 per share. June 6. Sold all of the treasury stock for $26 per share. July 5. Declared a 4% stock dividend on common stock, to be capitalized at the market price of the stock, which is $25 per share.