Journalize the ein PR 11-4A Entries for selected corpo Morrow Enterprises Inc, manufactures bathroom fixtures. The stockhold counts of Morrow Enterprises Inc, with balances on January 1, 2016, are as fol u rate transactions authorized,375,000 shares issued)... $ 7,500 Treasury Stock (25,000 shares, at cost) Paid cash dividends of $0.08 per share on the common stock. Th Common Stock, $20 stated value (500,000 shares 825,000 33,600,000 450,000 The following selected transactions occurred during the year: Jan. 22. Paid cash dividends of s0.0s per share on the common stock. Tm had been properly recorded when declared on December 1 of the fiscal year for $28,000. Apr. 10. Issued 75,000 shares of common stock for $24 per share. June 6. Sold all of the treasury stock for $26 per share. July 5, Declared a 4% stock dividend on common stock, to be capitalized at the ket price of the stock, which is $25 per share. ug. 15. Issued the certificates for the dividend declared on July 5. Nov. 23. Purchased 30,000 shares of treasury stock for $19 per share. ec. 28. Declared a $0.10-per-share dividend on common stock. 31. Closed the credit balance of the income summary account, $1,125,000. 31. Closed the two dividends accounts to Retained Earnings