Brief Exercise 240 Patrick Corporation is authorized to issue 1,000,000 shares of $1 par value common stock. During 2016, the company has the following stock transactions. Jan. 15 Sept. 5 Dec. 6 Issued 700,000 shares of stock at $7 per share. Purchased 20,000 shares of common stock for the treasury at $8 per share. Declared a $0.50 per share dividend to stockholders of record on December 20, payable January 3, 2017. Indicate the accounts increased or decreased to record the transactions for Patrick Corporation. Date Account Titles Increase/Decrease Amount Jan. 15 ta $ + $ Sept. 5 $ ta Dec. 6 $