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please help fast will rate your answer thank you On January 1, 2020, Teal Mountain Corporation had 67,000 shares of $1 par value commonstock issued
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On January 1, 2020, Teal Mountain Corporation had 67,000 shares of $1 par value commonstock issued and outstanding During the year, the following transactions occurred: Mar. 1 Issued 29,000 shares of commonstock for $525,000 June 1 Doclared a cash dividend of $2 per share to stockholders of record on June 15. July. 30 Paid the 52 cash dividend. Dec: 1. Purchased 5,900 shares of common stock for the treasury for $24 per share. Dec: 15 Declared a cash dividend on outstanding shares of $2.20 per share to stockholders of record on December 31 Prepare journal entries to record the above transactions. Mf no entry is requared, select " No entry" for the occount tities and enter Of for the amounts Credit account tities are automatically indented when amount is entered. Do not indent manually List all debit entries befove credit entries. Record journal entries in the order presented in the problem.) Step by Step Solution
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