Question & Answer: In excel format please complete the following questions:…..

In excel format please complete the following questions:

Question #3

Complete the journal entries for the following transactions:

On July 1 a company issued 2 million shares of common stock at a market price of $10 per share. The common stock has a par value of $1 per share.

On Sept. 1 this company issued 1 million shares of common stock at a market price of $12 per share. The common stock has a par value of $1 per share.

On Dec. 1 the board of directors of this company declared dividends of 10 cents per share to be paid on Dec. 30,