Journal entries are required. Show some work, please.

Rosebud Motel Ltd. just issued 70,000 shares of common stock, $8 par value, for:

a) $8 per share

b) $12 per share

Rosebud Motel Ltd. wants to reward its shareholders with a dividend. Journalize the following:

a) They declare a cash dividend payable of $120,000 (total) on September 1

b) The date of record is September 15

c) They paid the dividend on September 30

d) Now, assume that instead of paying cash, Rosebud Motel Ltd. opted to do a 15% stock dividend (declared and distributed September 1)

After the dividend, Rosebud Motel Ltd. wants to see how their Stockholders Equity section looks

a) After the cash dividend

b) After the stock dividend

Rosebud Motel Ltd. has been on the market for a while now and has seen its stock price plummet. They decide to try to increase their stock price by buying Treasury Stock. Prepare the journal entries for :

a) On July 17, they buy 15,000 shares for $135,000.

b) On August 1, after the stock price has increased, they reissue 10,000 shares for $18/share.

c) On September 1, they reissue 1,000 shares for $7/share.