Kingbird Corporation is authorized to issue 1,130,000 shares of $1 par value common stock. During 2025, the company has the following stock transactions. Jan. 15 Sept. 5 Dec. 6 Issued 791,000 shares of stock at $7 per share. Purchased 22,600 shares of common stock for the treasury at $8 per share. Declared a $0.50 per share dividend to stockholders of record on December 20, 2025, payable January 3, 2026. Journalize the transactions for Kingbird Corporation. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select "No Entry" for the account titles and enter o for the amounts. List all debit entries before credit entries.) Date > Account Titles and Explanation Debit Credit
Kingbird Corporation is authorized to issue 1,130,000 shares of $1 par value common stock. During 2025, the company has the following stock transactions. Jan. 15 Sept. 5 Dec. 6 Issued 791,000 shares of stock at $7 per share. Purchased 22,600 shares of common stock for the treasury at $8 per share. Declared a $0.50 per share dividend to stockholders of record on December 20, 2025, payable January 3, 2026. Journalize the transactions for Kingbird Corporation. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select "No Entry" for the account titles and enter o for the amounts. List all debit entries before credit entries.) Date > Account Titles and Explanation Debit Credit
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Kingbird Corporation is authorized to issue 1,130,000 shares of $1 par value common stock. During 2025, the company has the
following stock transactions.
Jan. 15
Sept. 5
Dec. 6
Issued 791,000 shares of stock at $7 per share.
Purchased 22,600 shares of common stock for the treasury at $8 per share.
Declared a $0.50 per share dividend to stockholders of record on December 20, 2025, payable January 3, 2026.
Journalize the transactions for Kingbird Corporation. (Credit account titles are automatically indented when the amount is entered. Do not
indent manually. Record journal entries in the order presented in the problem. If no entry is required, select "No Entry" for the account titles and
enter o for the amounts List all debit entries before credit entries.)
Date
<
<
Account Titles and Explanation
Debit
Credit
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