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On January 1, 2014, Everett Corporation had these stockholders’ equity accounts.

Common Stock ($10 par value, 69,800 shares issued and outstanding)		$698,000
Paid-in Capital in Excess of Par Value		522,100
Retained Earnings		606,800

During the year, the following transactions occurred.

Jan. 15		Declared a $0.50 cash dividend per share to stockholders of record on January 31, payable February 15.
Feb. 15		Paid the dividend declared in January.
Apr. 15		Declared a 10% stock dividend to stockholders of record on April 30, distributable May 15. On April 15, the market price of the stock was $16 per share.
May 15		Issued the shares for the stock dividend.
Dec. 1		Declared a $0.50 per share cash dividend to stockholders of record on December 15, payable January 10, 2015.
Dec. 31		Determined that net income for the year was $364,600.

Journalize the transactions. (Record entries in the order displayed in the problem statement. Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Date

Account Titles and Explanation

Debit

Credit

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