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  3. on january 1, 2020, larkspur corporation had 66,50

On January 1, 2020, Larkspur Corporation had 66,500 shares of $1 par value common stock...

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Accounting

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On January 1, 2020, Larkspur Corporation had 66,500 shares of $1 par value common stock issued and outstanding. During the year, the following transactions occurred: Mar 1 June 1 July 30 Issued 21,000 shares of common stock for $535,000. Declared a cash dividend of $2 per share to stockholders of record on June 15. Paid the $2 cash dividend Purchased 5,900 shares of common stock for the treasury for $23 per share. Declared a cash dividend on outstanding shares of $2.25 per share to stockholders of record on December 31 Dec. 1 Dec. 15 Prepare journal entries to record the above transactions. (If no entry is required, select "No entry for the account titles and enter for the amounts, Credit account titles are automatically indented when amount is entered. Do not indent manually. List all debit entries before credit entries. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit

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