On January 1, the company was formed and was authorized to issue 150000 shares of $1 par value common stock On Jan.2 , 45000 shares were issued for...

On January 1, the company was formed and was authorized to issue 150000 shares of $1 par value common stock

On Jan.2 , 45000 shares were issued for $12 per share

On Jan 27, company issued 1:3 reverse stock split

On March 15, company issued and distribute a 4% stock dividend, when the shares were valued at $15 per share.

O June 30, company declare a cash dividend of $0.40, payable to share holder to be paid on July 25.

On August 10, the company purchase 1,550 share of common stock outstanding at $9.00 per share and retires the share.

Requirements:

1) prepare the general journal entries necessary to these transactions.

2) How many shares were ousting as of December 31, 2017