Problem 14 - Stockholders' Equity Using journal entries, record the following transactions related to M. Nagy Company. If no journal entry is required for any transaction below, ivrite "No Journal Entry Required Q1: On January 1, M. Nagy Company issues 500,000 shares of $1.00 par common stock for $3,500,000 Problem #4 - Stockholders' Equity Using journal entries, record the following transactions related to M. Nagy Company. If no journal entry is required for any transaction below. write "No Journal Entry Required Q2: On May 1, M. Nagy Company declares and distributes a 5% stock dividend. This is a small stock dividend. The market price of the stock on this date is $10 per share. Problem #4 - Stockholders' Equity Using journal entries, record the following transactions related to M. Nagy Company. If no journal entry is required for any transaction below, write "No Journal Entry Required Q3: On August 1, M. Nagy Company declares a dividend of $1.00 per share to be paid on December 1. Problem #4 - Stockholders' Equity Using journal entries, record the following transactions related to M. Nagy Company. If no journal entry is required for any transaction below. write "No Journal Entry Required." 04: On September 1, M. Nagy Company purchases 5,000 shares of its own stock. At this time, the market price of the stock is $5 per share. Problem #4 - Stockholders' Equity Using journal entries, record the following transactions related to M. Nagy Company. If no journal entry is required for any transaction below, write "No Journal Entry Required Q5: On November 1, M. Nagy Company sold 2,000 shares of stock that it purchased on September 1. The selling price is $9 per share