申論題

三 . IIsu Corporation has 40, 000 shares of $10 par value coniiiion stock authorized and 30,000 shares issued at $25 per share and outstanding. On June 15, 2005, Hsu Corporation purchased 3,000 shares of treasury stock for $14 per share. Ilsu uses the cost method to account for treasury stock. On September 30， 2005, llsu sold 1, QQ0 shares of tlte treasury stock for $18 per share and retired 2,000 share of the treasury stock. On October 31, 2005, Ilsu Corporation declared and distributed 8, 400 shares as a stock dividend from unissued shares when the market value of the common stock was $21 per share. On December 15, 2005， Hsu Corporation declared and paid $1 per share cash dividend. Required: Make the journal entries to the above transactions From June 15 to Dec. 15. (20%)