On July 6, XOT Corporation issued 2,300 shares of its $1.50 par common stock. The market price of the stock on that date was $17 per share.Journalize the issuance of the stock.

4.Bennett Corporation is authorized to issue 1,000,000 shares of $1 par value common stock.During 2008, the company has the following stock transactions.

Jan.15Issued 500,000 shares of stock at $7 per share.

Sept.5Purchased 20,000 shares of common stock for the treasury at $8 per share.

Instructions

Journalize the transactions for Bennett Corporation.