Prepare entries in journal form without explanations to record the following transactions involving Dailey Corporation's $5 par value common stock:
Definitions:
Surpluses
Situations in which the quantity of a good or service supplied exceeds the quantity demanded at a given price.
Migration
The movement of individuals or groups from one location to another, often for reasons such as employment, education, or economic opportunities.
Price Supports
Government interventions to maintain the price of a good or service at a certain level to encourage production and protect producers.
Producers' Income
The earnings or revenue received by the producers or firms from the sale of goods or services before the deduction of any expenses.
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