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On January 1, 2020, the stockholders' equity section of Kingbird, Inc. shows common stock ($6 par value) $1,800,000; paid-in capital in excess of par $1,080,000;

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On January 1, 2020, the stockholders' equity section of Kingbird, Inc. shows common stock ($6 par value) $1,800,000; paid-in capital in excess of par $1,080,000; and retained earnings $1,150,000. During the year, the following treasury stock transactions occurred. Mar. 1 Purchased 52,000 shares for cash at $15 per share. July 1 Sold 11,500 treasury shares for cash at $17 per share. Sept. 1 Sold 9,500 treasury shares for cash at $14 per share. Journalize the treasury stock transactions. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account tities and enter o for the amounts.) Date Account Titles and Explanation Debit Credit On January 1, Cheyenne Corp. had 97,500 shares of no-par common stock issued and outstanding. The stock has a stated value of $6 per share. During the year, the following occurred. Apr. 1 June 15 July 10 Dec. 1 15 Issued 29,500 additional shares of common stock for $18 per share. Declared a cash dividend of $2 per share to stockholders of record on June 30. Paid the $2 cash dividend. Issued 3,000 additional shares of common stock for $18 per share. Declared a cash dividend on outstanding shares of $1.50 per share to stockholders of record on December 31. (a) Prepare the entries, on each of the three dividend dates. (If no entry is required, select "No Entry" for the account tities and enter o for the amounts. Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Click if you would like to Show Work for this question: Open Show Work

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