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On January 1 , 2 0 2 4 , Speedway Corporation had 7 7 , 0 0 0 common shares, recorded at $ 6 0

On January 1,2024, Speedway Corporation had 77,000 common shares, recorded at $600,600, and retained earnings of $1 million.
During the year, the following transactions occurred:
Apr. 2 Issued 5,500 common shares at $20 per share.
June 15 Declared a cash dividend of $0.15 per share to common shareholders of record on June 30, payable on July 10.
Aug. 21 Declared a 5% stock dividend to common shareholders of record on September 5, distributable on September 20. The
shares were trading for $22 a share on August 21,$24 on September 5, and $26 on September 20.
Nov. 1 Issued 3,000 common shares at $25 per share.
Dec. 20 Declared a cash dividend of $0.20 per share to common shareholders of record on December 31, payable on January
(a)
Record the above transactions for 2024.(List all debit entries before credit entries. Record journal entries in the order presented in the
problem. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select
b)what is the number of the common shares at the end of the year?
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