Part $3$

Question $1,$ CPF$13-53($book$/$static$)$

Part $1$ of $8$

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ictions in $2027.$

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it the requitements

equirement $1.$ Joumalize the transactions. $($Record debits first, then credits. Select the explanation on the last line of the journal entry lable$)$

an$.1$: Issued $50,000$ shares of $$1$ par value common stock for a total of $$200,000$

Date

Accounts and Explanation

Debit

Credit

Jan$1$

Cammon Stock$-51$ Par Value

$200,000$

$$

More info

Jan. $1$ issted $50000$ shares of $$1$ par value common stock for a total of $$200,000$

Jan. $10$ Issued $20\mathrm{.}000$ shares of $4\%570,000$

Dec. $15$ Dectared total cash dividends of $$15,000$

Dec. $20$ Declared an $8\%$ common stock dividend when the market value of the stock was $$4\mathrm{.}50$ per share.

Dec. $31$ Paid the cash dividends

Dec. $31$ Distrituted the stock dividend. $q,$

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