PR 13-4A Entries for selected corporate transactions Morrow Enterprises Inc. manufactures bathroom fixtures. The OBJ.3,4,5, January 1, 20Y5, are as follows: s' equity, of Morrow Enterprises Inc., with balances on January 1, 20Y5, quityac Common Stock, $20 stated value (500,000 shares authorized 375,000 shares issued) . 825,000 33,600,000 450,000 in Excess of Stated Value-Common Stock Treasury Stock (25,000 shares, at a cost of $18 per share) The following selected transactions occurred during the year: Jan. 22. Paid cash dividends of $0.08 per share on the common stock. The di had been properly recorded when declared on December 1 of the fiscal year for $28,000. preceding Apr. 10. Issued 75,000 shares of common stock for $24 per share. June 6. Sold all of the treasury stock for $26 per share. July 5, Declared a 4% stock dividend on common stock, to be capitalized at the mar- ket price of the stock, which is $25 per share. PR 13-4A Entries for selected corporate transactions Morrow Enterprises Inc. manufactures bathroom fixtures. The OBJ.3,4,5, January 1, 20Y5, are as follows: s' equity, of Morrow Enterprises Inc., with balances on January 1, 20Y5, quityac Common Stock, $20 stated value (500,000 shares authorized 375,000 shares issued) . 825,000 33,600,000 450,000 in Excess of Stated Value-Common Stock Treasury Stock (25,000 shares, at a cost of $18 per share) The following selected transactions occurred during the year: Jan. 22. Paid cash dividends of $0.08 per share on the common stock. The di had been properly recorded when declared on December 1 of the fiscal year for $28,000. preceding Apr. 10. Issued 75,000 shares of common stock for $24 per share. June 6. Sold all of the treasury stock for $26 per share. July 5, Declared a 4% stock dividend on common stock, to be capitalized at the mar- ket price of the stock, which is $25 per share