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Declared
Retained Earnings Debit
Dividends Payables Credit

Payment
Div Paya. Debit
Cash Crdit

Yes Asset
Exp Dr
Liab Cr

Asset Dr
Revenue Cr

Sales Of services, $100,000, of which $30,000 was on credit.
Cash 70000
Acct receivable 30000
Services revenues 100000

Feb. 1 Issued 3,000 shares of common stock for $25,000
Dr cash 25000
Cr common stock 25000

Mar. 20 Purchased 1,500 additional shares of common treasury stock at $8 per share.
treasury stock...