Question 1 The stockholders' equity section of Benton Corporation's balance sheet as of Instructions: Prepare the general journal entries necessary to record the following events occurred during the year: 1. Jan, 5 A \15 stock dividend was declared and issued. Market value is currently \\( \\$ 10 \\) per share. 2. Jan. 16 Declared a cash dividend of 20 cents per share, payable February 15 to stock-holders of record on February 5 3. July \\( 1 \\quad 10,000 \\) ordinary shares, \\( \\$ 5 \\) par, were issued for \\( \\$ 8 \\) per share. 4. Aug. 1 Bought 300 shares of ordinary shares, as treasury shares at \\( \\$ 9 \\) 5. Aug. 15 Sold 80 shares of treasury stock at \\( \\$ 8 \\) 6. Aug. 30 Sold 40 treasury shares at \\( \\$ 11 \\). 7. Sep. 1 Issued 500 ordinary shares to its attorneys as (organization expense). At that time, the ordinary shares was selling at \\( \\$ 10 \\) per share