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On January 1, 2020, Cheyenne Corp. had 83,000 shares of S1 par value common stock issued and outstanding. During the year the following transactions occurred:

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On January 1, 2020, Cheyenne Corp. had 83,000 shares of S1 par value common stock issued and outstanding. During the year the following transactions occurred: Issued 91.000 shares of common stock for $693,000, Declared a cash dividend of $2.00 per share to stockholders of record on June 15. Paid the $2.00 cash dividend Purchased 8,000 shares of common stock for the treasury for $19 por share Dec 15 Declared a cash dividend on outstanding shares of $250 per share to stockholders of record on December 31 Mar. 1 June 1 June 30 Dec 1 Net income for 2020 amounted to $963.000 Prepare journal entries to record the above transactions. (Credit account titles are automatically indented when the amount is entered. Do not Indent manually. Record journal entries in the order presented in the problem. I no entry is required, select "No Entry for the account titles and enter for the amounts.) Account Titles and Explanation Debit Credit Date >

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