On January 1, Graves Corporation had 60,000 shares of no-par common stock issued and outstanding. The stock has a stated value of $4 per share. During the year, the following transactions occurred.

April 1. : Issued 9,000 additional shares of common stock for $11 per share

June 15: Declared a cash dividend of $1.50 per share to stockholders of record on June 30

July 10: Paid the $1.50 cash dividend Dec 1: issued 4,000 additional shares of common stock for $12 per share

Dec 15: Declared a cash incident on outstanding shares of $1.60 per share to stockholders of record on December 31

Instructions: Journalize the Transactions