March 1 Issues 49,000 additional shares of $1 par value common stock for $46 per share. May 10 Purchases 4,400 shares of treasury stock for $49 per share. June 1 Declares a cash dividend of $1.20 per share to all stockholders of record on June 15. (Hint: Dividends are not paid on treasury stock.) July 1 Pays the cash dividend declared on June 1. October 21 Resells 2,200 shares of treasury stock purchased on May 10 for $54 per share. Required: Record each of these transactions. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.)

March 1 Issues 49,000 additional shares of $1 par value common stock for $46 per share.

Dr Cash 2,254,000

    Cr Common stock 49,000

    Cr Additional paid in capital 2,205,000

May 10 Purchases 4,400 shares of treasury stock for $49 per share.

Dr Treasury stock 215,600

    Cr Cash 215,600

Treasury stocks are recorded at purchase price against cash. It is a contra equity account that reduces stockholders' equity.

June 1 Declares a cash dividend of $1.20 per share to all stockholders of record on June 15. (Hint: Dividends are not paid on treasury stock.)

Dr Retained earnings 53,520

    Cr Dividends payable 53,520

Outstanding stocks = 49,000 - 4,400 = 44,600 stocks

July 1 Pays the cash dividend declared on June 1.

Dr Dividends payable 53,520

    Cr Cash 53,520

October 21 Resells 2,200 shares of treasury stock purchased on May 10 for $54 per share.

Dr Cash 118,800

    Cr Treasury stock 107,800

    Cr Additional paid in capital 11,000

muslims control the north africa during the period of 1500 up

to 1800. they made a barrier to prevent further european exploration from

entering the africa from the north. however, the dutch ware still able to move

toward the interior with having south africa as one of the routes leading to

the east for trading with asia.

answer; ///product strategy;