Instructions: Journalize the following transactions for ABC Rug Co$.(20$ points$)($Note: It is helpful to keep track of the total outstanding shares.$)$January $1,\text{'}14,$ Issued $300$ shares of $$2$ par value common stock for $$1,500.$January $15,\text{'}14,$ Issued $100$ shares of its stock for a used truck advertised for sale at $$900.($The stock is actively traded at a market price of $$6$ per share.$)$April $1,\text{'}14,$ Board of directors declared a $10\%$ stock dividend when the stock has a market price of $$8$ per share.April $30,\text{'}14,$ Above stock dividend is distributed.May $1,\text{'}14,$ Board of Directors declared a $2$ for $1$ stock split.July $1,\text{'}14,$ the Company repurchased $60$ shares of its common stock for $$8$ per share.August $1,\text{'}14,$ they sold $30$ of the treasury shares for $$10$ per share.September $1,\text{'}14,$ sold $30$ treasury shares at $$5$ per share.October $31,\text{'}14,$ the board of directors declared a $$\mathrm{.}20$ per share dividend.November $30,\text{'}14$ the above dividend is payable to shareholders of record on this day.December $31,\text{'}14$ the Company pays the dividends.