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Question(s) / Instruction(s):

Airborne Manufacturing Co. completed the following transactions during 2009:

Jan. 16                  declared a cash dividend on the 4%, $102 par preferred stock (1,050 shares outstanding). Declared a $0.55 per share dividend on the 95,000 shares of common stock outstanding. The date of record is January 31, and the payment due date is February 15.

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Nov. 30                 Sold 1,500 shares of treasury stock for $9 per share.

Required:

Record the transactions in Airborne’s general journal.

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