Baxter Corporation Has 1,000 Shares of $5 Par Value Common $\text {Feb.}$

question 10

Essay

Baxter Corporation has 1,000 shares of $5 par value common stock issued and outstanding.
Journalize the following Baxter transactions for 20XX:
$\text {Feb.}$ $\quad$ 1 $\text {Purchased 2 PU shares of treasury stock at \$6.00.}$
$\quad$ $\quad$ $\quad$ 20 $\text { Declared a \(\$ 2.00\) per share cash dividend payable on March 15}$
$\quad$ $\quad$ $\quad$$\text { to stockholders of record March 1.}$
$\text {Mar. }$ $\quad$ 15 $\text {Paid the cash dividend.}$
$\text {May}$ $\quad$ 10 $\text { Declared a \(10 \%\) stock dividend. The market value of the stock is \$15.00 per share.}$
$\text {May}$ $\quad$ 30 $\text {Distributed the stock dividend.}$
$\text {Jun}$ $\quad$ 10 $\text { Reissued the treasury stock for \(\$ 9.00\).}$

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Definitions:

Variable Ratio

A reinforcement schedule used in operant conditioning that rewards a response after an unpredictable number of responses, leading to a high and steady rate of response.

Fixed Ratio

A schedule of reinforcement where a response is reinforced only after a specified number of responses, often used in behavioral studies.

Variable Interval

A reinforcement schedule where a response is rewarded after a variable and unpredictable time period has elapsed.

Fixed-interval Schedule

A timing-based reinforcement scheme where a specific time interval must elapse before a response is rewarded.