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PLEASE READ: INSTRUCTIONS 1. Fill in the blanks with the correct Account Names and Debit/Credit Amounts for the following Journal Entries: 1. For Account Names, use the Chart of Accounts to choose the appropriate Account Name. Accounts must be spelled exactly how they appear in the Chart to get credit. 2. For Debit/Credit Amounts, use the following numeric format: 12345 (no dollar signs, no commas). 3. If no journal entry is required, write NO for all Debit/Credit Accounts and Debit/Credit Amounts. 2. If there are multiple Debit or Credit lines in the same journal entry, the order for the Credit Accounts does not matter (I have adjusted the solutions to allow either order) 2. On May 2, Company ABC declared dividends of $31,650 to be paid to shareholders. 3. On May 5, Company ABC repurchased 1,100 shares of its own stock back from the market for $39 each. 4. On May 10, Company ABC had their "date of record," to record which shareholders would receive the dividends. 5. On May 13, Company ABC paid the $31,650 dividends they had declared on May 2 in cash. 6. On August 25 , Company ABC re-issued 500 of the shares it had repurchased on May 5 (it had purchased them for $39 each). It sold it for $45 per share. Note: re-issued means ABC sold the stock back to the market. 7. On August 30, Company ABC re-issued another 250 shares of stock it had repurchased on May 5 (it had purchased them for $39 each). It sold it for $31 per share. Note: re-issued means ABC sold the stock back to the market

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