BE $12-2$ Entries for Issuing Stock

Obj. $2$ On January $22,$ Zentric Corporation issued for cash $160,000$ shares of no$-$par common stock at $$8.$ On February $14,$ Zentric issued at par value $45,000$ shares of preferred $2\%$ stock, $$50$ par for cash. On August $30,$ Zentric issued for cash $10,000$ shares of preferred $2\%$ stock, $$50$ par at $$56.$

Journalize the entries to record the January $22,$ February $14,$ and August $30$ transactions.

BE $12-3$ Entries for Cash Dividends

Obj. $3$ The declaration, record, and payment dates in connection with a cash dividend of $$375,000$ on a corporation's common stock are October $1,$ November $7,$ and December $15.$ Journalize the entries required on each date.