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On January 1, 2016 PT Mega had 50,000 shares, $4 par value per share, During the year, the following transactions occured. April June July December

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On January 1, 2016 PT Mega had 50,000 shares, $4 par value per share, During the year, the following transactions occured. April June July December December 1 Issued 9,000 additional shares of common stock for $11 per share. 15 Declared a cash dividend of $1,50 per share to stockholders of record on June 30 10 Paid the $1.50 cash dividend. 1 issued 4,000 additional shares of common stock for $12 per share, 15 Declared a cash dividend on outstanding shares of $1.60 per share to stockholders of record on December 31 Required: Record/journalize all transactions above

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