Question: On January 1 , 2 0 2 5 , It is Finished Corporation had 7 5 , 0 0 0 of $ 1 par value

On January

1, 2025,

It is Finished Corporation had

75, 000

of $

1

par value common stock issued and outstanding. During the year, the following transactions occurred. Journal each transaction in the space provided below. Note: Make sure you use good form

(

debits first

)

and if there are more than one debit or credit account, list them in alphabetical order

1 .

On March

1, 2025

the company issued

90000

shares of stock at $

10

per share.

2 .

On June

1, 2025,

declared a cash dividend of $

1.5

per share to stockholders of record on June

15 .

3 .

On June

30, 2025,

paid the cash dividend that was declared on June

1 .

4 .

On December

1, 2025,

purchased

10, 000

shares of common stock for the treasury for $

12

per share.

5 .

On December

15, 2025,

declared a cash dividend of $

1

per share to stockholders of record on December

31 .

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