ew PolicieS Current Attempt in Progress 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...

Extracted text: ew PolicieS Current Attempt in Progress 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: ar. 1. Issued 21,000 shares of common stock for $535,000. Declared a cash dividend of$2per share to stockholders of record on June 15. July Paid the $2 cash dividend. Dec 1 Purchased 5,900 shares of common stock for the treasury for $23 per share, Dec. 15 Declared a cash dividend on outstanding shares of $2.25 per share to stockholders of record on December 31. Prepare journal entries to record the above transactions. (If no entry is required, select No entry" for the account titles and enter Ofor the amounts. Credit account titles are automatically indented when armount 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 Credit e Textbook and Media List of Accounts Save for Later Attempts: 0 ol 3 used Subot Anner ment-player/index.html?launchld=ee163b88-e027-4414-a52e-6d319baff01e3