Problem 1 Stock transactions for Harris Inc. follow: Feb. 16 tssued 25,000 shares of $1 par value common stock at $8 per share June 5 Purchased 1,000 shares of treasury stock-common at $15 per share. Aug. 8 Sold 300 shares of treasury stock-common at $30 per share. Oct. 11 Sold 700 shares of treasury stock-common at $7 per share. INSTRUCTIONS Journalize the transactions. Problem 2 Davis Inc. is authorized to issue 100,000 shares of $2 par common stock. The company issued 33,000 shares at $6 per share. When the market price of common $8 per share, Harris declared and distributed a 10% stock dividend. Later, Harris declared and paid a $0.12 per share cash dividend. INSTRUCTIONS stock was a) Journalize the declaration and the distribution of the stock dividend. b) Journalize the declaration and the payment of the cash dividend