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Current Attempt in Progress On January 1, 2020, Sunland Company had 73.000 shares of $1 par value common stock issued and outstanding During the year, the following transactions occurred: Mar. 1 June 1 June 30 Dec 1 Dec. 15 Issued 90,000 shares of common stock for $685.000 Declared a cash dividend or $2.00 per share to stockholders of record on June 15 Paid the $2.00 cash dividend. Purchased 7.000 shares of common stock for the treasury for $20 per share. Declared a cash dividend on outstanding shares of $2.50 per share to stockholders of record on December 31. Net Income for 2020 amounted to $990.000 Prepare journal entries to record the above transactions. (Credit account titles are automatically indented when the amount is entered, Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Date Account Tities and Explanation Debit Credit > Question 40 of 41 Net income for 2020 amounted to $99.000. Prepare journal entries to record the above transactions (Credit account titles are automatically indented when the amount is entered Do not indent manually Recordjoumal entries in the order presented in the problem. I no entry is required, select "No Entry for the account titles and enter for the amounts.) Debit Credit Date Account Tities and Explanation Attempts of used Submit A

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