n Company began business on January 1, 2015 by issuing all of its 1,850,000 authorized shares of ts $1 par value common stock for $36 per share. On June 30, Houghton declared a cash dividend of $2.75 per share to stockholders of record on July 31. Houghton paid the cash dividend on August 30. On November 1, Houghton reacquired 370,000 of its own shares of stock for $41 per share. On December 22 Houghton resold 185,000 of these shares for $47 per share. Required a. Prepare all of the necessary journal entries to record the events described above. (If no entry is required for a transactionlevent, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 4 Record the issue of 1,850,000 authorized shares of $1 par value for $36 per nare Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal