on July 6" Clayton Corporation issued 4.000 shares of its $5 par value common stock. The market price of the stock on that date was $15 per share. Journalize the issuance of the stock. 2 On November 27, the board of directors of Armstrong Company declared a $1.50 per share dividend on its 20.000 shares of common stock The payment date is December 24th. Journalize the entries needed on the declaration and payment dates