Issuing Common Stock Palan Products Inc. sold 46,750 shares of common stock to stockholders at the time of its incorporation. Palan received $48 per share for the stock. Required: Question Content Area 1.  Assume that the stock has a $16 par value per share. Prepare the journal entry to record the sale and issue of the stock. If an amount box does not require an entry, leave it blank.

Entries for Treasury Stock On May 27, Buzz Off Inc. reacquired 79,000 shares of its common stock at $8 per share. On August 3, Buzz Off sold 53,000 of the reacquired shares at $11 per share. On November 14, Buzz Off sold the remaining shares at $6 per share. Journalize the transactions of May 27, August 3, and November 14. If an amount box does not require an entry, leave it blank. May 27 Treasury Stock  fill in the blank 2 fill in the blank 3   Cash  fill in the blank 5 fill in the blank 6 Aug. 3 Cash  fill in the blank 8 fill in the blank 9   Treasury Stock  fill in the blank 11 fill in the blank 12   Paid-In Capital from Sale of Treasury Stock  fill in the blank 14 fill in the blank 15 Nov. 14 Cash  fill in the blank 17 fill in the blank 18   Paid-In Capital from Sale of Treasury Stock  fill in the blank 20 fill in the blank 21   Treasury Stock  fill in the blank 23 fill in the blank 24

Entries for Stock Dividends Vienna Corporation has 38,000 shares of $90 par common stock outstanding. On August 2, Vienna Corporation declared a 3% stock dividend to be issued October 8 to stockholders of record on September 15. The market price of the stock was $122 per share on August 2. Journalize the entries required on August 2, September 15, and October 8. If an amount box does not require an entry, leave it blank. If no entry is required, select "No Entry Required" and leave the amount boxes blank. Aug. 2                       Sept. 15               Oct. 8

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