A Dividend Problem......?

Question

Common Stock, $10 stated value (500,000 shares authorized, 380,000 Issued) - $3,800,000.
Paid-In Capital in Excess of stated value - 760,000
Retained Earnings - 4,390,000
Trasury Stock (25,000 Sares, at cost) - 500,000
Transactions:
Jan. 10. Paid Cash Dividends of $0.20 per share on Common Stock for $71,000.
Mar.3. Issued 20,000 shares of common stock for $460,000.
Mar. 21. Sold all the treasury stock for $650,000.
July 1. Declared a 3% stock dividend on common stock, capitalized at $30 per share market value.
Aug.15. Issued certificates for the dividend from July 1.
Sept. 30. Purchased 10,000 shares of treasury stock for $230,000.
Dec. 27. Declared a $0.25-per-share dividend on common stock.
Dec.31. Closed the credit balance of the Income Summary account, $639,500.
Dec. 31 Closed the two dividends accounts to Retained Earnings.


Okay!!!!, This is Killing Me, The Ones I Don't Get The Most are the Transactiond for Dec. 27, 31 and 31.....Help Me With Those If You Can!!!!

Answer 1

Jan. 10. Paid Cash Dividends of $0.20 per share on Common Stock for $71,000
Dr Cash Dividend 71,000
Cr Cash 71,000

Mar.3. Issued 20,000 shares of common stock for $460,000
Dr Cash 460,000
Cr Common stock 200,000
Cr Paid-In Capital in Excess of stated value 260,000

Mar. 21. Sold all the treasury stock for $650,000
Dr Cash 650,000
Cr Treasury stock 500,000
Cr (Additional) Paid-in capital from treasury stock 150,000

July 1. Declared a 3% stock dividend on common stock, capitalized at $30 per share market value
Dr Stock dividend 360,000
Cr Common stock dividend distributable 120,000
Cr Paid-In Capital in Excess of stated value 240,000

Aug.15. Issued certificates for the dividend from July 1
Dr Common stock dividend distributable 120,000
Cr Common stock 120,000

Sept. 30. Purchased 10,000 shares of treasury stock for $230,000
Dr Treasury stock, at cost 230,000
Cr Cash 230,000

Dec. 27. Declared a $0.25-per-share dividend on common stock
Dr Cash Dividend 103,000
Cr Dividend payable 103,000

Dec.31. Closed the credit balance of the Income Summary account, $639,500
Dr Income summary 639,500
Cr Retained earnings 639,500

Dec. 31 Closed the two dividends accounts to Retained Earnings
Dr Retained earnings 534,000
Cr Cash Dividends 174,000
Cr Stock dividend 360,000