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|On January 1, 2014, Everett Corporation had these stockholders’ equity accounts.|
|Common Stock ($10 par value, 78,800 shares issued and outstanding)|
|Paid-in Capital in Excess of Par Value|
During the year, the following transactions occurred.
|Jan. 15||Declared a $0.60 cash dividend per share to stockholders of record on January 31, payable February 15.|
|Feb. 15||Paid the dividend declared in January.|
|Apr. 15||Declared a 10% stock dividend to stockholders of record on April 30, distributable May 15. On April 15, the market price of the stock was $13 per share.|
|May 15||Issued the shares for the stock dividend.|
|Dec. 1||Declared a $0.70 per share cash dividend to stockholders of record on December 15, payable January 10, 2015.|
|Dec. 31||Determined that net income for the year was $422,400.|
|Journalize the transactions.(Record entries in the order displayed in the problem statement. Credit account titles are automatically indented when amount is entered. Do not indent manually.)|