Answer:
Jan. 15
DR Cash (400,000 * 7) $2,800,000
CR Common Stock (400,000 *1) $400,000
CR Paid - In Capital in excess of Par (2,800,000 - 400,000) $2,400,000
<em>(To record issuance of common stock above par)</em>
Sept. 5
DR Treasury Stock (30,000 * 9) $270,000
CR Cash $270,000
<em>(To record repurchase of Common Stock)</em>
Dec. 6
DR Dividends (0.5 * $1 * 370,000 shares) $185,000
CR Dividends Payable $185,000
<em>(To record dividends issued)</em>
