Journalize the transactions in general journal

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Reference no: EM132088213

Question: XYZ corporation completed the transactions regarding its common stock which has a par value of $5 pershard. Journalize these transactions in General journal.

2/13/2011 XYZ directors declared a $2 per share cash dividend payable on March. 28 to stockholders on record.

XYZ's eligible common stock is 1,000,000 shares

3/28/2011 Paid the cash dividend declared 2/13/2011

6/10/2011 XYZ bought 5,000 of its common stock on the open market for 10.00 per share.

7/10/2011 Sold 1,500 of its treasury shares for $24 cash per share.

8/13/2011 Sold 3,500 of its treasury shares for $5 cash per share.

9/20/2011 sold 18,000 shares of common stock for $16 pershare.

10/9/2011 Declared a 10% small stock dividend on all issued and outstanding common stock. Market value of the stock is$17 cash per share

Reference no: EM132088213

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