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On January 1, 2018 Delta Corporation had 100,000 ordinary shares issued and outstanding, the share have par value $ 4 per share, during the year

On January 1, 2018 Delta Corporation had 100,000 ordinary shares issued and outstanding, the share have par value $ 4 per share, during the year the following transactions occurred.

Instruction: Prepare the journal entries for following transactions:

April 1 issued 25,000 additional ordinary shares for $17 per share

June 15 declared cash dividend $1 per share

July 10 paid the cash dividend that declared on June 15

October 1 purchased 5,000 treasury shares for cash at $15 per share

December 1 sold 3,000 treasury shares for cash $20 per share

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SER On January 1, 2018 Delta Corporation had 100,000 ordinary shares issued and outstanding, the share have par value $ 4 per share, during the year the following transactions occurred. Instruction: Prepare the journal entries for following transactions: April 1 issued 25,000 additional ordinary shares for $17 per share June 15 declared cash dividend $1 per share July 10 paid the cash dividend that declared on June 15 October 1 purchased 5,000 treasury shares for cash at $15 per share December 1 sold 3,000 treasury shares for cash $20 per share ji E 22

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