Show required journal entries for the following stock transactions. The company had an authorized capital of 400,000 shares of common stock of $20.

2. Show required journal entries for the following stock transactions. The company had an authorized capital of 400,000 shares of common stock of $20. Jan. 1. The company issued a 2:1 stock split 2. Purchased 50,000 shares for the treasury at a market price of $12 per share. 6. Sold 10,000 shares of treasury stock at the market price of $15 per share. 10. Declared a 2% stock dividend on all outstanding shares of common stock. 15. Issued the certificates for the common stock dividend declared on January 10th