MacMaster has 1,000 common shares outstanding on 12/31/2020.

Its par value is $1.

Its market value per share is $6.

Journalize the following independent transactions. Each case is independent.

1. Journalize for $0.50 per share cash dividend.
2. Journalize for 10% stock dividend.

20. Journalize the following transactions using the cost method.

9/1 The Firm buys back 200shares of its own common stocks for $ 35 per share.

10/15 The Firm sells 30 shares of treasury stocks for $ 50 per share.

10/28 The Firm sells 40 shares of treasury stocks for $ 30 per share.

11/12 The Firm sells 50 shares of treasury stocks for $ 25 per share.