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Transactions: Apr. 1. The board of directors declared a quarterly cash dividend of $8,000.00, payable on May 15. M34. 16. Purchased 500 shares of Krash Corporation for $22.00 per share as a temporary investment. C765. May 15. Paid the April 1 dividend. C799. June 2. Paid cash to Manny Trask for 2,200 shares of the corporation's common stock at $16.10 per share. C833. 4. The board of directors declared a 5% stock dividend on common stock, An independent appraisal service has estimated that the common stock has a market value of $16.50. M46. July 3. Received a $0.40 per share cash dividend from Krash Corporation. R456. 7. Issued the June 4 stock dividend, M77. 11. Received cash from Peter Ashton for 700 shares of treasury stock at $16.25 per share. R462. 23. Sold all of its shares of Krash Corporation for $24,25 per share, R478, General Journal PAGE 4 GENERAL JOURNAL Cash Receipts Journal PAGE 5 CASH RECEIPTS JOURNAL