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Olson Commanications, Ine, begsn 2018 with 300,000 shares of 51 par common slock asued and outstanding. Beginning Paid-in capital in excess of par-icemmon was 5600,000

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Olson Commanications, Ine, begsn 2018 with 300,000 shares of 51 par common slock asued and outstanding. Beginning Paid-in capital in excess of par-icemmon was 5600,000 , and ritained 6amings was \$760,000. In June 2018, Olson Communications, Ine, itsuod 9,000 shares of stock at $12 per share. in November, when the stock's marker price wat \$18 per share, the bourd of druclors distributod a 10 porcent tock dividend. Rnad the ferpinethents. equtaritions trom any fourmal entries: Record the is suinice of comenen stock for cash Ferord the dectarmion and ditibution of the stork dividend directors distrouted a 90 percent atock dividend. \$1 par common sfock issued and outstanding. Begining Paid-in capital in expess of par-common was $600,000, and retained Read the moguirements

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