Question: DJ pel se . Prepare SPRIUS JUUF UTILIUS IU FLCULU S US USER BE15-9 (L02) Arantxa Corporation has outstanding 20,000 shares of $5 par value

DJ pel se . Prepare SPRIUS JUUF UTILIUS IU FLCULU S US USER BE15-9 (L02) Arantxa Corporation has outstanding 20,000 shares of $5 par value common stock. On August 1, 2017 Arantxa reacquired 200 shares at S80 per share. On November 1, Arantxa reissued the 200 shares at $70 per share. Arantxa had no previous treasury stock transactions. Prepare Arantxa's journal entries to record these transactions using the cost method. BE15-10 (L03) Woolford Inc, declared a cash dividend of $1.00 per share on its 2 million outstanding shares. The dividend was declared on August 1, payable on September 9 to all stockholders of record on August 15. Prepare all journal entries neces sary on those three dates. ola

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