TA Post Corporation has 35,000 shares of $1.00 stated-value common stock and 250 shares of 8%, $100.00 par-value preferred stock outstanding. Instructions: Journalize each transaction completed during the current year. Page 4 of a general journal, page 6 of a cash receipts journal, and page 7 of a cash payments journal are provided in the Working Papers.Source documents are abbreviated as follows: check, C memorandum, M; receipt, R Transactions: The board of directors declared a quarterly cash dividend of $3,000.00, payable on July 31. M22. 31. Paid the July 1 dividend.C55 6. July 1. Aug. The board of directors declared a 1% stock dividend on common stock. An independent appraisal service has estimated that the common stock has a market value of $16.50 on August 6. M31 9. Purchased 300 shares of MXZ Corporation for $52.00 per share, $15,600.00.C68. 23. Paid cash to Darius Henderson for 250 shares of the corporation's common stock at $17.00 per share, $4,250.00.C79 6. Sept. Issued the August 6 stock dividend. M42. Received a $0.38 per share cash dividend from MXZ Corporation, $114.00. R69. 30. Oct. 12. Sold all of its shares of MXZ Corporation for $54.30 per share, $16,290.00. R81. 25. Received cash from Tatyanna Jamley for 150 shares of treasury stock at $19.00 per share, $2,850.00. R92