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P14-26A Dearbon Manufacturing Co. completed the following transactions ing 2009. Declared a cash dividend on the 496, $100 par preferred sad (1,000 shares outstanding). Dedlared
P14-26A Dearbon Manufacturing Co. completed the following transactions ing 2009. Declared a cash dividend on the 496, $100 par preferred sad (1,000 shares outstanding). Dedlared a $0.35 per share dividend on the 100,000 sbares of common stock outstandn The date of record is January 31 and the payment date is February 15. (pp. 653-655) Paid the cash dividends. (pp. 653-65s) Jan. 16 Feb. 15 June 10 Split common stock 2 for 1. Before the split, Dearborn had July 30 Distributed a 5% stock dividend on the common stock. The mar Oct. 26 Purchased 2,000 shares of treasury stock at $11 per share Nov. 8 Sold 1,000 shares of treasury stock for $17 per share. (p.6 100,000 shares of $2 par common stock outstanding. (p.694 ket value of the common stock was $10 per share. (pp. 692-6s (pp. 694-695) Requirement Record the transactions in Dearborn's general journal
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