On January $1,2020,$ the equity section of Seacosh Co$.$ shows share capital$$ordinary $($ $$1$ par

value$)$ $$500,000,$ share premium$-$ordinary $$100,000$; retained earnings $$120,000.$ Prepare

the journal entries for each of the following transactions during the year. $(30\%)$

Apr. $1$ Issued $60,000$ additional ordinary shares for $$480,000.$

June $15$ Declared a cash dividend of $$1$ per share to shareholders of record on June $30.$

July $10$ Paid the cash dividends.

Sept. $1$ Purchased $2,000$ ordinary shares for $$18,000.$

Nov. $1$ Sold $1,000$ treasury shares for cash at $$10.$

Dec. $1$ Sold $1,000$ treasury shares for cash at $$7.$