Prepare the appropriate journal entries, if required, for the following items: a. Sold 200,000 shares common...

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Prepare the appropriate journal entries, if required, for the following items: a. Sold 200,000 shares common stock at $3 cash each, $.01 par value b. Bought back 5,000 shares of company common stock at $8 a share to use for management incentives etc. c. Issued 100,000 shares of preferred stock for cash, $0.10 par value, for $20 a share. d. Company declared a 2 for 1 stock split when there were 2,000,000 shares outstanding. Note: Make sure to format your entries properly, whether you are using a table or plain text entry. Prepare the appropriate journal entries, if required, for the following items: a. Sold 200,000 shares common stock at $3 cash each, $.01 par value b. Bought back 5,000 shares of company common stock at $8 a share to use for management incentives etc. c. Issued 100,000 shares of preferred stock for cash, $0.10 par value, for $20 a share. d. Company declared a 2 for 1 stock split when there were 2,000,000 shares outstanding. Note: Make sure to format your entries properly, whether you are using a table or plain text entry.

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