On January 1, 2019, Rodgers Corporation had the following stockholders equity accounts:

Common Stock ($4 par value, 200,000 shares issued and outstanding) $ 800,000

Paid-in Capital in Excess of Par Value 2,000,000

Retained Earnings 1,620,000

REQUIRED: For each of the following events, record the necessary journal entry in

chronological order taking into account the previous transaction.

Show your calculations for potential partial credit. In addition, show the

updated number of outstanding shares after each transaction.

(1) Jan. 2 Issued 2,000 shares of common stock in exchange for a commercial

building. The fair market value of the building was $62,000 at

the time of the stock issuance.

Number of Outstanding Shares after transaction =

(2) Jan. 15 Declared and paid (in one transaction) an $0.80 cash dividend per

share to stockholders.

Number of Outstanding Shares after transaction =

(3) Apr. 15 Declared and distributed a 15% stock dividend to stockholders. The market price of the stock was $19 per share on that date.

Number of Outstanding Shares after transaction =

(4) June 15 Declared and distributed a 70% stock dividend to stockholders. The

market price of the stock was $17 per share on that date.

Number of Outstanding Shares after transaction =

(5) Aug. 15 Reacquired 5,000 shares of its own $4 par value stock, previously

issued at $14, paying $23 per share in the market.

Number of Outstanding Shares after transaction =

(6) Sept. 15 Reissued 2,000 of the shares purchased on August 15 receiving $25 per

share.

Number of Outstanding Shares after transaction =

(7) Oct. 15 Reissued 2,000 of the shares purchased on August 15 receiving $18 per share.

Number of Outstanding Shares after transaction =

(8) Nov. 15 Retired the remaining 1,000 shares held in the Treasury.

Number of Outstanding Shares after transaction =

(9) Nov. 30 Declared a 4-for-1 stock split on all common shares. (Provide a journal

entrynot just a memo entry.)

Number of Outstanding Shares after transaction =

(10) Dec. 1 Declared and paid (in one transaction) a $0.90 per share cash dividend to

stockholders.

Number of Outstanding Shares after transaction =