March 2nd Received the outstanding balance from Murphy Corp. March 17th Sold 300 units to Mahoney Bros. for $60 per unit, on credit. March 31st Declared and paid a cash dividend of $0.50 per share. April 6t Received the outstanding balance from Mahoney Bros. June 30th Paid their semi-annual interest payment on the bonds issued on January 151. July 1 st Declared and distributed a 10% stock dividend (The market value of the company's stock on July 1" was $9 a share). July 11th Purchased 1,250 units of inventory from Shaw Corp. at $40 per unit, on credit. July 23rd Paid Shaw Corp. for the goods purchased on July 11. August 17th Issued an additional 5,000 shares of common stock for $11 a share. September 25th Sold 200 units to Mahoney Bros. for $60 per unit, on credit. September 30th Declared and paid a cash dividend of $0.50 per share. October 1 st Paid $900 of cash for a six-month insurance policy. October 13th Received the outstanding balance from Mahoney Bros. November 14 Sold 1,200 units to Murphy Corp. for $60 per unit, on credit. December 16th Purchased 750 units of inventory from Shaw Corp. at $40 per unit, on credit. December 31* Paid their semi-annual interest payment on the bonds issued on January 1"