QUESTION 41 OKOK Corporation engaged in the following transactions during the year: January 1: Issued 15,000 shares of $1 par value common stock at $18 per share. June 15: Reacquired 1,000 shares of common stock sold on January 1 for $19 per share. August 10: Sold 600 shares of treasury stock purchased on June 15 for $20 per share. September 30: The board of directors declares and distributes a 10% common stock dividend. The current selling price of the common stock is $21 per share. November 30: The board of directors declares a cash dividend of $0.55 per share payable to stockholders on December 15. December 15: Paid the cash dividends declared on November 30. Prepare journal entries for the above transactions and note the number of outstanding shares on December 31 TT T Arial 3 (12pt) : T.E.E. pas Words:0 Path: P Click Save and Submit to save and submit. Click Save All Ansuers to see all answers