Problem $12-3$

On January $1$ Stella Company began operations by issuing $13,000$ shares of $$3$ par value stock for $$10$ per share. On June ${30}^{th}$ they declared a $$0\mathrm{.}25$ per share dividend to shareholders of record on July ${15}^{th},$ payable July $30$ th$.$ Prepare all journal entries for the above transactions