Stockholders' Equity. Given the following information for Company G at 1/1/16:

Retained earnings at 1/1/16 were $600,000.

Common stock at 1/1/16 was $ 300,000.

Additional Paid-in Capital at 1/1/16 was $900,000.

The description of the common stock at 1/1/16 was: $10 par value, 100,000 shares authorized, 30,000 shares issued and outstanding.

During 2016 (its second year), Company G had the following activity:

1. The income statement reflected net income of $150,000 for the year ended 12/31/16.

2. Cash dividends of $1 per share were declared and paid to the common shareholders in February of 2016.

3. On June 1, 2016, Company G declared a 100% stock dividend.

4. On July, 1, 2016, Company G distributed the 100% stock dividend.

5. On September 1 of 2016, Company G repurchased 2,000 shares of its own stock at $23 per share. Company G uses the cost method to account for treasury stock transactions.

6. On December 1 of 2016, Company G reissued 500 shares of the treasury stock at $21 per share.

A. On the answer sheet, prepare journal entries for Items 2 6 above.