The following selected transactions occurred during the year: Jan. 15. Paid cash dividends of $0.15 per share on the common stock. The dividend had been properly recorded when declared on D of the preceding fiscal year for $54,000. Mar. 15. Sold all of the treasury stock for $18 per share. Apr. 13. Issued 75,000 shares of common stock for $1,350,000. June 14. Declared a 5% stock dividend on common stock, to be capitalized at the market price of the stock, which is $20 per share. July 16. Issued shares of stock for the stock dividend declared on June 14. Oct. 30. Purchased 25,000 shares of treasury stock for $20 per share. Dec. 30. Declared a $0.18-per-share dividend on common stock. 31. Closed the two dividends accounts to Retained Eamings. Required: 1. The January 1 balances have been entered in T accounts for the stockholders' equity accounts. Record the above transactions in the T a Paid-I Capitat in Ixcess of Stated Value Commen stock pasd Ia Capital from sale of treasury steck Stock Oevidends Distributoble Sheck Dividends Cesh owidends 54,000 2000 \begin{tabular}{|c|c|c|c|} \hline Date & Aicount & Detint & credii \\ \hline lan15 & & M 4,000 & \\ \hline & call : & & 54000 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|} \hline Doste & Acceunt & Oetiat & Credin \\ \hline \multirow[t]{3}{*}{ Har. 15} & Mremury steck & ne.000 & \\ \hline & & & \\ \hline & & & \\ \hline \end{tabular} Apr. 13. theund 75,000 shares it Commin stock ter $1,350,500 oule Nccount Derbin. Credit June 14, Dedared a 5\%, en common stock, to be capitaleed at the market price of the dock, which is r20 per share. July 16. Issued stock for steck didend declured on lume it. Dec. 30. Dedared a $0.18 - per share dviams on common stock: Dec. 31. Closed the tha dividends accounts to Retainind Eamings. \begin{tabular}{|c|c|c|c|c|c|c|} \hline W & \multirow[b]{2}{*}{ Comeion Steck } & & \multicolumn{2}{|c|}{} & \multirow[b]{2}{*}{ Tolal } \\ \hline & & \begin{tabular}{l} Pald is \\ cacital in \\ tocess ed \\ Mafed Valore \end{tabular} & \begin{tabular}{l} Paid In \\ Capital from sale of \\ Preasury steak \end{tabular} & \begin{tabular}{l} Betalined \\ Fermings \end{tabular} & \begin{tabular}{l} Ireasury \\ Stock \end{tabular} & \\ \hline & 1,4,44,000 & 750,000 & 1 & 8.447 .000 & & 4 \\ \hline+ & & & & & & \\ \hline & & & & & & \\ \hline 4 & & & & & & \\ \hline & & 4 & & & = & \\ \hline & & & & & & \\ \hline & & & & 12 & & \\ \hline & 4 & 1 & 1 & 1 & 1 & 5 \\ \hline \end{tabular} 4. Prepare the "Stockholders' Cquity' section of the December 31,201 , balance sheet. For those bores in mhich you must enter subtracted or negative numbers use a minus sign
