Item $1$: On January $1,2025,$ Entity $F$ had $95,000$ shares of $$1$ par value common stock issued and outstanding. During the year, the following transactions occurred:

Mar. $1$ Issued $55,000$ shares of common stock for $$275,000$

June $1$ Declared a cash dividend of $$2\mathrm{.}50$ per share

June $15$ Date of Record for dividend declared on June $1$

June $30,$ Paid the $$2\mathrm{.}50$ cash dividend

Dec. $1$ Purchased $9,500$ shares of common stock for the treasury for $$12$ per share

Instructions: Prepare journal entries to record the above transactions.