On January 1, 2014, Magnus Corporation had 60,000 shares of
$1 par value common stock issued and outstanding. During the year, the
following transactions occurred:
Mar. 1 Issued 25,000 shares of common stock for
June 1 Declared a cash dividend of $2.00 per share to
stockholders of record on June 5.
June 30 Paid the $2.00 cash dividend.
Dec. 1 Purchased 5,000 shares of common stock for the
treasury for $22 per share.
Dec. 15 Declared a cash dividend on outstanding shares
of $2.25 per share to stockholders of record on December 31.
the appropriate journal entries for the transactions of Magnus Corporation
detailed above. Omit Explanations. Please skip a line between each entry.