journalizing stockholders rsquo equity transactions dearborn manufacturing co comple 644517

16Jan

Declared a cash dividend on the 6%, $95 par preferred stock (1,000 shares outstanding).

Declared a $0.55 per share dividend on the 90,000 shares of common stock outstanding.

The date of record is January 31, and the payment due date is February 15.

15Feb

Paid the cash dividends.

10Jun

Split common stock 2 for 1. Before the split, Dearborn had 90,000 shares of $10 par

common stock outstanding.

30Jul

Distributed a 30% stock dividend on the common stock. The market value of the

common stock was $12 per share.

26Oct

Purchased 3,000 shares of treasury stock at $10 per share.

8Nov

Sold 1,500 shares of treasury stock for $11 per share.

30Nov

Sold 700 shares of treasury stock for $7 per share.