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Make the journal entries associated with the events

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Reference no: EM132531750

Marino Furniture Corporation (MFC) had the following events during the year:

a. January 1, 2018 - MFC is authorized to issue 100,000 common shares.

b. January 15, 2018 - 9,400 common shares are issued for $5.00 / share.

c. March 10, 2018 - 4,700 common shares are issued for $6.50 / share.

d. June 10, 2018 - Reacquired 6,000 common shares at a price of $5.25 / share.

e. July 16, 2018 - Declared and paid a 20 cents per share dividend on shares outstanding

Question 1: Record the journal entries associated with the above events.(Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

Reference no: EM132531750

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