The following information was taken from the statement of shareholders€™ equity of Chinook Furs:

*The $30 increase (from $20 to $50) was in part from the sale of common stock ($20) and treasury stock ($10)
Provide the journal entries for the following:
a. The issuance of preferred stock during 2018.
b. The issuance of common stock during 2018.
c. The sale of treasury stock during 2018.

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2017 2018 Preferred stock (no par) Common stock ($1 par value) Additional paid-in capital $ 700 $400 900 1,000 50* 20* Less: Treasury stock 130 150