INSTRUCTIONS: Record the following transactions for Waylon Corp.
10-Sep	Issued 2,000 shares of its $2 stated value common stock for $30 per share.
10-Oct	Issued 1 ,000 shares of its $2 stated value common stock for equipment advertised for sale
	at $38,000. Waylon's stock is actively traded on this date at a market price of
	$30 per share.
10-Nov	Issued 3,000 shares of $10 par value preferred stock at $40 per share.for cash

1-Sep	The board of directors of Granger Corp. declared a $2.00 per share cash dividend.
	Granger Corp. has 20,000 shares of its $1 par value common stock outstanding.
20-Sep	Date of record
30-Sep	Payment date
	INSTRUCTIONS:Prepare the necessary journal entries.

1-Oct	Jackson, Inc. declared a 10% stock dividend. The market price per share was $20.
	The company had 40,000 shares of its $2 par value common stock outstanding.
20-Oct	Date of record.
31-Oct	The stock dividend was issued.
	Prepare the necessary journal entries for the declaration and issuance of the stock dividend.