Return to Blackboard US Weyoandt, Accounting Principles, 120 PRINTER VERSION ES Exercise 150 On January 1, 2017. Tried Corporation had 60,000 shares of $1 par value common stock issued and outstanding. During the year, the following transactions occurred: Mar. 1 Issued 25,000 shares of common stock for $550,000 June 1 Declared a cash dividend of $2.00 per share to stockholders of record on June 15. July 30 Paid the $2.00 cash dividend. Dec 1 Purchased 5,000 shares of common stock for the treasury for $22 per share. Dec. 15 Declared a cash dividend on outstanding shares of $2.25 per share to stockholders of record on December 31 Propare fournal entries to record the above transaction. (Ir no entry is requtred, select "No entry for the account eties and enter for the amount. Creme ac are automatically indented when amount is entered. Do not indent manually) Date Account Titles and Explanation Debit Credit Mar. 1 June June 30 Dec 1 Dec 15