On January 1, 2018, Handley Corporation had 84,000 common shares, recorded at $630,000, and retained earnings of $962,000. During the year, the following transactions occurred: Issued 5,400 common shares at $20 per share. 2 Apr. June 15 Declared a cash dividend of $0.25 per share to common shareholders of record on June 30, payable on July 10, 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. Aug. 21 Issued 2,900 common shares at $25 per share. Nov. 1 Dec. 20 Declared a cash dividend of $0.30 per share to common shareholders of record on December 31, payable on January 10. Part 1 Your answer is partlally correct Record the above transactions for 2018, (Note: Closing entries are not required) (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Round answers to 0 decimal places, e.g. 5,275.) Credit Debit Account Titles and Explanation Date 108000 Cash Apr. 2 108000 Common Shares 22350 June 15 22350 Dividends Payable 22350 Dividends Payable July 10 22350 Cash 107280 Retained Earnings Aug. 21 107280 Stock Dividends Distributable 107280 Sept. 20 Stock Dividends Distributable 107280 Common Shares 72500 Cash Nov. 1 72500 Common Shares 29031 Retained Earnings Dec. 20 : 29031 Dividends Payable