Feb. 15 Cash Common Stock-$2 Par Value Paid-In Capital in Excess of Par-Common 280,000 140,000 140,000...

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Feb. 15 Cash Common Stock-$2 Par Value Paid-In Capital in Excess of Par-Common 280,000 140,000 140,000 Issued common stock at a premium. Mar. 1: Declared a $0.10 per share cash dividend on its common stock to be paid on March 30. Date Mar. 1 Accounts and Explanation Debit Credit Feb. 15 Cash Common Stock-$2 Par Value Paid-In Capital in Excess of Par-Common 280,000 140,000 140,000 Issued common stock at a premium. Mar. 1: Declared a $0.10 per share cash dividend on its common stock to be paid on March 30. Date Mar. 1 Accounts and Explanation Debit Credit