Journalize the entries to record the transactions. Identry eael Cl Dy PR 12-4A Entries for selected corporate transactions Obj. 2, 3, 4,6 Morrow Enterprises Inc. manufactures bathroom fixtures. Morrow Enterprises' stockholders equity accounts, with balances on January 1, 20Y6, are as follows: $7,500,000 825,000 33,600,000 450,000 Common Stock, $20 stated value (500,000 shares authorized, 375,000 shares issued)..... Retained Earnings The following selected transactions occurred during the year: Paid cash dividends of $0.08 per share on the common stock. The dividend had been properly recorded when declared on December 1 of the preceding fiscal year for $28,000. Issued 75,000 shares of common stock for $24 per share. Sold all of the treasury stock for $26 per share Declared a 4% stock dividend on common stock, to be capitalized at the market price of the stock, whi is $25 per share. Apr. 10. June 6. July 5, Aug. 15. Issued shares of stock for the stock dividend declared on July 5 Nov. 23. Purchased 30,000 shares of treasury stock for $19 per share Dec. 28. Declared a $0.10-per-share dividend on common stock. 31. 31. Instructions Closed the credit balance of the income summary account, $1,125,000. Closed the two dividends accounts to Retained Earnings. Enter the January 1 balances in T accounts for the stockholders' equity accounts listed. prepare T accounts for the following: Paid-In Capital from Sale of Treasury Stock; S