question answer the question completely and journalize during the year the corporati 4305529

question answer the question completely and journalize during the year the corporati 4305529

Question

Answer the question completely and journalize

During the year, the corporation completed a number of transactions affecting the stockholders' equity. They are summarized as fallows Jan. 5 Issued 532,900 shares of common stock at $9, receiving cash. Feb. 10 Issue 11,000 shares of preferred 1% stock at $58 ed Mar. 19 purchased 45,400 shares of treasury common for $8 per share. May 16 sold 21,400 shares of treasury common for $10 per share. Aug. 25 sold 4,300 shares of treasury common for $7 per share. Dec. 6 Declared cash dividends of $0.50 per share on preferre stock and $0.07 per share on common stock. 31 Paid the cash dividends

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