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QUESTION

Thank you! On January 15, 2015, Helton Co.

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.

Date2015Jan. 16 Mar. 1 Helton Co.Accounts / Explainations Debit CashDiscount on issue of common stockCommon Stock(Issue of common stock at discount) $75,000$25,000 Retained earnings...
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