Issuing bonds ar Poinsetta Company issues 2,000 shares at $42/share ($10 par value). control . Poinsetta Company decides to purchase back 500 of their shares at $45/share. Poinsetta Company then decides to sell 200 of the above shares for $50/share. Poinsetta Company then decides to sell 200 of the above share for $39/share, a If 500 shares were outstanding and Poinsetta decided to declare a dividend at $.50/share, the journal entries: At declaration: At payment