Use the following information to answer the next five questions:

On March 1^st, Apple Inc. issued 1,000 shares of $3 par value stock for a selling price of $10 per share.

On May 1^st, Apple Inc. reacquired 100 of the 1000 shares issued on March 1^st for $15 per share.

On June 1^st, Apple reissued 100 shares for $20 per share.

On June 10^th, Apple declared a $1 per share dividend

On June 12^th, Apple paid the dividend that it declared on June 10^th

1. What journal entry did Apple record on March 1^st?

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2. What journal entry did Apple record on May 1^st?

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3. What journal entry did Apple record on June 1^st?

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4. What journal entry did Apple record on June 10^th?

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5. What journal entry did Apple record on June 12^th?

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