21) Baxter Corporation has 1,000 shares of $5 par value common stock issued and outstanding.

Journalize the following Baxter transactions for 20XX:

Feb.1Purchased 200 shares of treasury stock at $6.00.

20Declared a $2.00 per share cash dividend payable on March 15

to stockholders of record March 1.

Mar.15Paid the cash dividend.

May10Declared a 10% stock dividend. The market value of the stock is $15.00 per share.

May30Distributed the stock dividend.

Jun10Reissued the treasury stock for $9.00.



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