Jefferson, Inc, manufactures bathroom fixtures. The stockholders' equity accounts of Jefferson, Inc., with balances on January1, 2018, are as follows: Common Stock, $8 par value (600,000 shares authorized 400,000 shares issued). $3,200,000 Paid-in Capital in excess of par value Retained Earnings... 600,000 7,100,100 The following selected transactions occurred during the year. Jan. 7 Paid cash dividends of S0.18 per share on the common stock. The dividend had been properly recorded when declared on November 30 of the preceding fiscal year for S66,600 Feb. 9 Issued 50,000 shares of common stock for $600,000. July 1 Declared a 4% stoek dividend on common stock, to be capitalized at the market price of the stock, which is $13 per share. Issued the certificates for the dividend declared on July 1. Aug. 15 Dec. 27 Declared a S0.20 per share dividend on common stock Instructions: Record the transactions in general journal form. Debit Credit Date Account Name