On January 1, 2020, Donna Corporation had 85,000 shares of $2 par value common stock previously issued and outstanding. During 2020, the following transactions occurred: June 1 Mar 1 Issued 50,000 additional shares of $2 par value common stock for $10 per share. Declared a cash dividend of $2.50 per share to stockholders of record on June 1. Paid the cash dividend declared on June 1. June 30 Dec 1 Purchased 5,000 shares of common stock for the treasury for $20 per share. Dec 31 Declared a cash dividend of $3.00 per share to stockholders of record on Dec. 31, to paid on January 15, 2021. Prepare journal entries to record the above transactions on each date.

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