Pumpkin Accounting Corp. began the year with $1,000,000$ authorized and $225,000$ issued and outstanding $$10$ par common shares. During the year, Pumpkin entered into the following transactions:

a$.$ Declared a $$0\mathrm{.}40$ per$-$share cash dividend on March $10.$

b$.$ Paid the $$0,40$ per$-$share dividend on Aprill $10.$

c$.$ Repurchased $8,000$ common shares at a cost of $$24$ each on May $2.$

d$.$ Sold $3,000$ unissued common shares for $$26$ per share on June $9.$

e$.$ Declared a $$0\mathrm{.}55$ per$-$share cash dividend on August $10.$

f$.$ Paid the $$0\mathrm{.}55$ per$-$share dividend on September $10.$

g$.$ Declared and paid a $10\%$ stock dividend on October $15$ when the market price of the common stock was $$28$ per share.

h$.$ Declared a $$0\mathrm{.}60$ per$-$share cash dividend on November $10.$

Paid the $$0\mathrm{.}60$ per$-$share dividend on December $10.$

Required:

Prepare journal entries for each of these transactions. If an amount box does not require an entry, leave it blank. Round your answers to the nearest dollar.

a$.$ Mar. $10$

b$.$ Apr. $10$

$1$

C$.$ May $2$

d$.$ June $9$

$1$

e$.$ Aug. $10$

h$.$ Nov. $10$

Oct. $15$

$]$

Dec. $10$

Determine the total dollar amount of dividends $($cash and stock$)$ for the year.

$4$

Conceptual Connection: Determine the effect on total assets and total stockholders' equity of the dividend transactions.

Note the following:

If applicable, select the dividend transaction effect $($e$.$g$.$ "Affects assets", "Affects stockholders' equity", $"$No effect" or "Not a dividend transaction"$),$

Enter decreases in assets or equity as negative numbers.

If a cell does not require an answer, leave it blank.

a$.$

b$.$

c$.$

d$.$

e$.$

f$.$

g$.$

h$.$

i$.$