Recording Stock Transactions HighRise Company reported the following amounts of contributed capital in the stockholders' equity accounts as of January 1, 2016: Contributed capital Common stock, par $5, authorized 50,000 shares Issued and outstanding 30,000 shares Additional paid-in capital $150,000 100,000 Prepare any necessary journal entries for each of the following transactions. 1. Dec. 5, 2016-The board of directors declared a $2 per share cash dividend payable to stockholders of record on Dec. 20, 2016. The dividend will be paid in 2017. 2. Dec. 20- Date of record for the cash dividend declared Dec. 5 above 3, Dec. 22, 2016-The board of directors declared (and issued) a 10% (small) stock dividend. At 4. Dec. 23, 2016-The corporation sold and issued 20,000 shares of its common stock and 5. Yawen Tan the date of declaration, the market price per share was $11. received $10 cash per share Dec. 30, 2016-The corporation purchased 200 of its own shares at $10 per share. ersityi Oft Ca TransactionG General Journal Debit Credit