Question: Can anyone work through this stock transactions problem? During the year, the corporation completed a number of transactions affecting the stockholders' equity. They are summarized

Can anyone work through this stock transactions problem?

summarized as follows: a. Issued 60,000 shares of common stock at $22,

During the year, the corporation completed a number of transactions affecting the stockholders' equity. They are summarized as follows: a. Issued 60,000 shares of common stock at $22, recelving cash. b. Issued 8,000 shares of preferred 2% stock at $220. c. Purchased 36,000 shares of treasury common for $20 per share. d. Sold 18,000 shares of treasury common for $23 per share. e. Sold 12,000 shares of treasury common for $18 per share. f. Declared cash dividends of $4.00 per share on preferred stock and $0.04 per share on common stock. g. Paid the cash dividends. Required: Journalize the entries to record the transactions. For a compound transaction, if an amount box does not require an entry, leave it blank. a. Issued 60,000 shares of common stock at $22, receiving cash. b. Issued 8,000 shares of preferred 2% stock at $220. c. Purchased 36,000 shares of treasury common for $20 per share.. d. Sold 18,000 shares of treasury common for $23 per share. e. Sold 12,000 shares of treasury common for $18 per share. f. Declared cash dividends of $4 per share on preferred stock and $0.04 per share on common stock. g. Paid the cash dividends

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