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section of Benton Corporation's balance sheet as of December 31, 2010 is as follows: Stockholders' Equity Common stock, $5 par value; authorized, 2,000,000 shares; issued,

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section of Benton Corporation's balance sheet as of December 31, 2010 is as follows: Stockholders' Equity Common stock, $5 par value; authorized, 2,000,000 shares; issued, 400,000 shares Paid-in capital in excess of par Retained earnings $2,000,000 850,000 3,000,000 $5,850,000 The following events occurred during 2011: 1. Jan. 5 10,000 shares of authorized and unissued common stock were sold for $8 per 2. Jan. 16 3. Feb. 10 4, March 1 share. Purchase back 1,000 treasury shares at $10 per share. Reissue all the treasury shares for $14 per share. A 30% stock dividend was declared and issued. Market value per share is currently $15. 5. April 1 A two-for-one split was carried out. The par value of the stock was to be reduced to $2.50 per share. Market value on March 31 was $18 per share. 6, July 1 A 15% stock dividend was declared and issued. Market value is currently $10 per share. per share was declared, payable September 1 to 1 A cash dividend of 20 cents Aug. stockholders of record on August 21. Requirements: provide journal entries for each of the above transactions

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