! Required information View transaction list 1 Record the purchase of $351,700 common stock now held in treasury. 2 Record the cash dividends declared in the amount of $260,850. 3 Record the payment of the dividend. 4 Credit Record the issue of 117,000 new shares of $0.10 par value, for $2 per share. 5 Record the entry to close Dividends account. Note : = journal entry has been entered Record entry Clear entry View general journal Additional Paid- Common Stock In Capital $ 13,350 $ 198,500 Retained Treasury Earnings Stock $ 151,700 $ 0 Beginning Stock Issuances Net Income 287,000 Dividends: Common Ending 13,350 $ 198,500 $ 438,700 $ 0