Journalize the entries to record transactions,

Jan 22. 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

April 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 market price of the stock, which is $25 per shared

Aug 15 Issued the certificates for the 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

Dec 31 closed the credit balance of the income summary account, $1,125,000

Dec 31 closed the two dividends accounts to retained earnings