Thompson Payroll Service began the year with 1,500,000 authorized and 830,000 issued and outstanding $8 par common shares. During the year Thompson entered into the following transactions:

a.	Declared a $0.10 per-share cash dividend on March 24.
b.	Paid the $0.10 per-share dividend on April 6.
c.	Repurchased 15,000 common shares for the treasury at a cost of $10 each on May 9.
d.	Sold 4,000 unissued common shares for $16 per share on June 19.
e.	Declared a $0.30 per-share cash dividend on August 1.
f.	Paid the $0.30 per-share dividend on September 14.
g.	Declared and paid a 10% stock dividend on October 25 when the market price of the common stock was $16 per share.
h.	Declared a $0.60 per-share cash dividend on November 20.
i.	Paid the $0.60 per-share dividend on December 20.

1.Prepare journal entries for each of these transactions.

2.What is the total dollar amount of dividends (cash and stock) for the year?

3.Conceptual Connection: Determine the effect on total assets and total stockholders equity of these dividend transactions.