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On January 1,2025, Oriola Corporation had 95,900 shares of $1 par value common stock issued...

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Accounting

On January 1,2025, Oriola Corporation had 95,900 shares of $1 par value common stock issued and outstanding. During the year, the
following transactions occurred:
Mar. 1 lssuad 100,900 shares of comman stock for $756,000.
June 1 Declared a cash dividand of $2 per share to stockholders of record on June 15.
June 30 Paid the $2 cash dividend.
Dec. 1 Purchased 5,600 shares of common stock for the treasury for $16 per share.
Dec. 15 Declared a cash dividend on outstanding shares of $2.50 per share to stockholders of record on Dacember 31.
Net income for 2025 totaled $1,032,000.
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 ander presented in the problem. If no entry is required, select "No Entry" for the account titles
and enter 0 for the amounts. List all debit entries before credit entries.]
Date
Account Titles and Explanation
Debit
Credit
image

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