Common Dividends Pumpkin Accounting Corp. began the year with 1,000,000 authorized and 230,000 issued and outstanding $1

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Common Dividends
Pumpkin Accounting Corp. began the year with 1,000,000
authorized and 230,000 issued and outstanding $10 par common
shares. During the year, Pumpkin entered into the following
transactions:
Required:
Question Content Area
1. Prepare journal entries for each of
these transactions. If an amount box does not require an entry,
leave it blank. Round your answers to the nearest
dollar.
2. Determine the total dollar amount of
dividends (cash and stock) for the year.
3. Conceptual Connection: Determine the
effect on total assets and total stockholders' equity of the
dividend transactions.
Note the following: