InstructionsFor each of the independent situations, prepare the journal entry to record the retirement of the bonds.六、On January 1, 2014, Dolan Corporation had 60,000 ordinary shares with a $1 par value issued and outstanding. During the year, the following transactions occurred:Mar.1Issued 20,000 ordinary shares for $400,000.June1Declared a cash dividend of $2 per share to shareholders of record on June 15.June30Paid the $2 cash dividen
(D)De
(C)1Purchased 4,000 ordinary shares for the treasury for $22 per shar
(E)De
(C)15Declared a cash dividend on outstanding shares of $2.25 per share to shareholders of record on December 31.InstructionsPrepare journal entries to record the above transactions.(10%)