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On January 1, 202.5, Sunland Corporation had 69,600 shares of $1 parvalue common stock issued and outstanding Durine the year. the following transactions occurred: Mar.

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On January 1, 202.5, Sunland Corporation had 69,600 shares of $1 parvalue common stock issued and outstanding Durine the year. the following transactions occurred: Mar. 1. Issued 84,600 shares of common stock for $634,500 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 4700 shares of common stock for the treasury for $18 per share. Dee. 15 Deciared a cash dividend on outstanding shares of 5250 per share to stockholders of record on December 31 Net income for 2025 totaled $910.500 Prepare lournal entries to record the above transactions. (Credit account titles are automotically indented when the amount is enternd Do not indent manualik. Record journai entries in the order presented in the problem. If no entry is required, select "No Entry" for the acoount fitles and enter Ofor the amounts List all debit entries before credit entries) Dec. 1 Purchased 4,700 shares of common stock for the treasury for 318 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 $910.500 Prepare journal entries to record the above transactions. (Credit occount titles are outomatically inderited 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 "Wo Entry" for the account tidles and enter Ofor the amounts. List all debit entries before credit entries.)

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