On January 1, 2025, Pharoah Corporation had 66,000 shares of $1 par value common stock issued and outstanding. During the year, the following transactions occurred: Mar. 1 Issued 81,000 shares of common stock for $607,500. June Declared a cash dividend of $2 per share to stockholders of record on June 15. Paid the $2 cash dividend. Purchased 4,500 shares of common stock for the treasury for $18 per share. Dec. 15 Declared a cash dividend on outstanding shares of $2.50 per share to stockholders of record on December 31. 1 June 30 Dec. 1 Net income for 2025 totaled $883,500. 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. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. List all debit entries before credit entries.) Date # Account Titles and Explanation Debit Credit SUPPORT

On January 1, 2025, Pharoah Corporation had 66,000 shares of $1 par value common stock issued and cutstanding. During the vear, the following transactions occurred: Mar, 1 Issued 81,000 shares of common stock for $607,500. June 1 Declared a cash dividend of $2 per share to stockholdersof record on June 15. June 30 Paid the $2 cash dividend. Dec. 1 Purchased 4,500 shares of common stock for the treasury for $18 per share. Dec. 15 Declared a cash dividend on outstanding shares of $ ? 50 per share to stockholders of record on December 31 Net income for 2025 totaled $883,500. Prepare journal entries to record the above transactions. (Credit account tities are automatically indented when the amount in entered. Do not indent manually. Record journat entries in the order presented in the problem. If no entry is required, select "No Entry" for the account tities and enter O for the amounts. List all debit entries before credit entries) On January 1,2025, Pharoah Corporation had 66,000 shares of $1 par value common stock issued and outstanding During the year, the following transactions occurred: Mar. 1 Issued 81,000 shares of common stock for $607,500. June 1 Declared a cash dividend of $2 per share to stockholders of record on June 15. June 30 Paid the $2 cash dividend. Dec: 1 Purchased 4,500 shares of common stock for the treasury for 518 per share. Dec. 15 Declared a cash dividend on outstanding shares of $2.50 per share to stockholders of record on December 31. Net income for 2025 totaled $883,500. Prepare journal entries to record the above transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journat entries in the order presented in the problem. If no entry is required, select "No Entry" for the account tities and enter o for the amounts. (ist all debit entries before credit entries.)