Problem Two:

On January 1, 2022, Green Bean Casserole Corporation had 75,000 shares of $1 par value common stock issued and outstanding. During the year, the following transactions occurred:

Mar. 1 Issued 25,000 shares of common stock for $16 per share.

June 1 Declared a cash dividend of $1.50 per share to stockholders of record on June 15.

June 30 Paid the $1.50 cash dividend.

Dec. 1 Purchased 10,000 shares of common stock for the treasury for $25 per share.

Dec. 15 Declared a cash dividend on outstanding shares of $3.00 per share to stockholders of record on December 31.

Instructions

Prepare journal entries to record the above transactions.

Date	Account	DR	CR