When Forest Company was formed on January 1, 2019 it sold 200,000 $10 par value...
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When Forest Company was formed on January 1, 2019 it sold 200,000 $10 par value shares for $100 per share. Record the entry for this sale. On February 1, 2019 Forest Company declared a cash dividend of $2 per share. On February 12, 2019 Forest paid the cash dividend declared on February 1. On March 1, 2019 Forest repurchased on the open market 2000 of its shares at a cost of $110 per share. Make the entry for this transaction. On June 6, 2019 it sold 1000 of the reacquired shares for $120 per share. Make the entry for this transaction. On July 8, 2019 Forest declared a 10 percent stock dividend when the market price of the shares were $140
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