On January 15, 2015, Helton Co. was incorporated in the state of Delaware and is authorized to issue 50,000 shares of $10 par value common stock

On January 15, 2015, Helton Co. was incorporated in the state of Delaware and is authorized to issue 50,000 shares of $10 par value common stock.  Record the appropriate journal entries (including solution)  for the following:

On January 16, the company issues 10,000 shares of common stock for $75,000 cash.

On March 1, the board of directors declares a $2 cash dividend payable to shareholders March 30, the record date is March 15. On May 1, the company issues 2000 shares of common stock in exchange for land that has a selling price of $50,000. The company’s stock is currently trading for $20 per share.

On May 10, the board of directors declares a $1 cash dividend payable to shareholders May 30, the record date is May 15.

On September 15, the company repurchases 500 shares of its own common stock and paid$20 per share.

 On Oct. 3, 2015, the company sells 300 shares of Treasury stock for $22.

On October 15, 2015, the company declares a $ 2 per share cash dividend to be paid on November 15 to shareholders of record date October 31.

 On November 10, the company sells 200 shares of Treasury Stock for $15 per share.

 i. On January 5, 2016 the company declares a 15% stock dividend distributable on February 2 to shareholders of record date January 22. The current market value of the stock is $20 per share.

 j. On February 28, the company declares a $ 3 per share cash dividend to be paid on March 15 to shareholders of record date March 5.

k. On April 1, the common stock of the company is split 2 for 1.

l. On April 5, the company declares a $ 3 per share cash dividend to be paid on May 15 to shareholders of record date May 5.