Kingbird Corporation is authorized to issue $900,000$ shares of $$1$ par value common stock. During $2025,$ the company has the following stock transactions.

Jan. $15$ Issued $630,000$ shares of stock at $$7$ per share.

Sept. $5$ Purchased $18,000$ shares of common stock for the treasury at $$8$ per share.

Dec. $6$ Declared a $$0\mathrm{.}50$ per share dividend to stockholders of record on December $20,2025,$ payable January $3,2026.$

Journalize the transactions for Kingbird Corporation. $($Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts. List all debit entries before credit entries.$)$

Date Account Titles and Explanation

Debit

Credit

Jan. $15$

Cash

Common Stock

Paid$-$in Capital in Excess of Par$-$Common Stock

Treasury Stock

Cash

Accounts Receivable

Dividends Payable