Question 1

	a. Issued 1,000 shares of $100 par common stock at $152 for cash.
	b. Purchased 100 shares of treasury stock at $150.
	c. The board of directors reduced the par of common shares from $100 to $20. This action increased the number of outstanding shares to 4,500.
	d. Declared a dividend of $2.00 per share on the outstanding shares of common stock.
	e. Paid the dividend declared.
	f. Declared a 10% stock dividend on the common stock outstanding (the fair market value of the stock to be issued is $30).
	Required a. Present entries to record the transactions.