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  3. 2. bcc inc. has 390,000 shares of $10 par value co

2. BCC Inc. has 390,000 shares of $10 par value common stock issued and outstanding....

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2. BCC Inc. has 390,000 shares of $10 par value common stock issued and outstanding. REQUIRED (24 points) Prepare journal entries to record the following (round to nearest dollar.) Jan. 3, 2020 Issued 15,000 shares for $15 per share Jan 15 Purchased 5,000 shares of treasury stock at $17 Jan 22 Declared a dividend of $1.50 per share on the outstanding shares of common stock. Feb. 8 Paid the dividend declared on January 22. Sep. 1 Declared a 5% stock dividend on the common stock outstanding (the fair market value of the stock to be issued is $30). Oct. 1 Issued the common stock dividend declared on September 1. Oct. 31 Sold 2,000 shares of treasury stock at $18 Dec 15 Sold 3,000 shares of treasury stock at $14

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