Pan LO3. How is treasury stock accounted for? What is treasury stock? a) b) Why might a company later reacquire some of its own stock as treasury stock? ABC company recently repurchased some of its own stock as treasury stock for $1,000. The selling the treasury stock for $1,100. The journal entry would be: c) company is now Accounts and Explanation Date Debit Credit LO4. How are dividends and stock splits accounted for? Journalize for the 1) declaration of cash dividend of $1,000 and 2) payment of cash dividend: a) Accounts and Explanation Date Debit Credit 1) 2) b) Why might some companies issue stock dividends instead of cash dividends? 2 c) ABC Company currently has 100,000 shares of common stock with a par value of $2 before a 2- for-1 split. What is the number of shares and par value after the split