Journal entry

Common Stock $25 par value, 40,000 shares authorized, 20,000 shares issued $500,000 Paid in Capital in Excess of Par Value, Common Stock 160,000 Retained Earnings 680.000 Total $1,340,000 Mexico, Inc reported Net Income as follows for Year A, Year B, and Year C. Year A Year B Year C $90,000 $120,000 $75,000 The company experienced changes in the number of outstanding terms from these events: On January 1 Year A, the company had 25,000 shares outstanding. Year A March 31 Bought Treasury Stock 5,000 June 30 5000 Sold the Treasury Stock Sold New Shares of the Common Stock August 31 8,000 Oct 31 Issued a 15% stock dividend Year B June 30 Sold New Shares of the Common Stock 9,000 Oct 31 Bought Treasury Shares 5,000 Year C Jan 31 Issued New Shares of Common Stock 4,000 April 30 Bought Treasury Shares 6,000 August 31 4 for 1 Stock Split Common Stock $25 par value, 40,000 shares authorized, 20,000 shares issued $500,000 Paid in Capital in Excess of Par Value, Common Stock 160,000 Retained Earnings 680.000 Total $1,340,000 Mexico, Inc reported Net Income as follows for Year A, Year B, and Year C. Year A Year B Year C $90,000 $120,000 $75,000 The company experienced changes in the number of outstanding terms from these events: On January 1 Year A, the company had 25,000 shares outstanding. Year A March 31 Bought Treasury Stock 5,000 June 30 5000 Sold the Treasury Stock Sold New Shares of the Common Stock August 31 8,000 Oct 31 Issued a 15% stock dividend Year B June 30 Sold New Shares of the Common Stock 9,000 Oct 31 Bought Treasury Shares 5,000 Year C Jan 31 Issued New Shares of Common Stock 4,000 April 30 Bought Treasury Shares 6,000 August 31 4 for 1 Stock Split