View Policies
Current Attempt in Progress
Metlock Corporation is authorized to issue 930,000 shares of $1 par value common stock. During 2025, the company has the
following stock transactions.
Jan. 15
Issued 651,000 shares of stock at $7 per share.
Sept. 5
Purchased 18,600 shares of common stock for the treasury at $8 per share.
Dec. 6
Declared a $0.50 per share dividend to stockholders of record on December 20, 2025, payable January 3, 2026.
Journalize the transactions for Metlock Corporation. (Credit account titles are automatically indented when the amount is entered. Do not
indent manually. Record journal entries in the order presented in the problem. If no entry is required, select \"No Entry\" for the account titles and
enter 0 for the amounts. List all debit entries before credit entries.)
Date
Account Titles and Explanation
Debit
Credit