Line Item DescriptionAmountCommon Stock, $10 stated value (600,000 shares authorized, 400,000 shares issued)$4,000,000Paid-In Capital in...

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Accounting

Line Item DescriptionAmountCommon Stock, $10 stated value (600,000 shares authorized, 400,000 shares issued)$4,000,000Paid-In Capital in Excess of Stated Value-Common Stock750,000Retained Earnings9,080,000Treasury Stock (40,000 shares, at cost)560,000
The following selected transactions occurred during the year:
DateTransactionJan. 15.Paid cash dividends of $0.14 per share on the common stock. The dividend had been properly recorded when declared on December 1 of the preceding fiscal year for $50,400.Mar. 15.Sold all of the treasury stock for $17 per share.Apr. 13.Issued 75,000 shares of common stock for $16 per share.June 14.Declared a 4% stock dividend on common stock, to be capitalized at the market price of the stock, which is $18 per share.July 16.Issued stock for the stock dividend declared on June 14.Oct. 30.Purchased 25,000 shares of treasury stock for $19 per share.Dec. 30.Declared a $0.17-per-share dividend on common stock.

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