Comprehensive Problem 4 Part 1: Selected transactions completed by Equinox Products Inc. during the fiscal year ended December 31, 2014 1. Journalize the selected transactions. If no entry is required, select "No entry required" from the dropdown and leave the amount boxes blank. a. Issued 15,000 shares of $20 par common stock at $30, receiving cash. Description Debit Credit Cash 450,000 Common Stock 300,000 Paid-In Capital in Excess of Par-Common Stock 150,000 b. Issued 4,000 shares of $80 par preferred 5% stock at $100, receiving cash. Description Debit Credit Cash 400,000 Preferred Stock 320,000 Paid-In Capital in Excess of Par-Preferred Stock 80,000 c. Issued $500,000 of 10-year 596 bonds at 104, with interest payable semiannually. Description Debit Credit Cash 520,000 Bonds Payable 500,000 Premium on Bonds Payable 20,000 d. Declared a quarterly dividend of 50.50 per share on common stock and 51:00 per share on preferred sto shares of preferred stock were outstanding, Journalize the common stock and the preferred stock entries se Docerintian Credit Nakit d. Owired quarterly tiene 30 per har en contand 1.00 per here in prerok On the commune este un 30.000 When we were inding out the common and the end mine Desc Credit Garden 50.000 Cash Davidund Payable 50.000 Cam 20.000 Cal Divided Cash Dividendable Preferred stock 20.000 at derde edad Description Cash Oivided whe Crede Debit 70,000 70.000 Pure 1.000 montok 31 Description Debat Credit Stock 256000 264.000 e. Paid the cash dividends declared in (d). Description Debit Cash Dividends Payable 70,000 Credit Cash 70,000 f. Purchased 8,000 shares of treasury common stock at $33 per share, Debit Credit Description Treasury Stock 264,000 Cash 264,000 9. Declared a $1.00 quarterly cash dividend per share on preferred stock. On the date of record, 20,000 shares of preferred stock had Description Debit Credit Cash Dividends 20,000 Cash Dividends Payable 20,000 h. Paid the cash dividends to the preferred stockholders. Description Debit Credit 1. Sold at $38 per share, 2.600 shares of treasury common stock purchased in Description Bebit Credit Cash 98.800 Treasury Stock 85,800 Paid-in Capital from Sale of Treasury Stock 13,000 Treasury Stock 264,000 Cash 264,000 g. Declared a $1.00 quarterly cash dividend per share on preferred stock. On the date of record, 20,000 shares of preferrem Description Debit Credit Cash Dividends 20,000 Cash Dividends Payable 20,000 h. Paid the cash dividends to the preferred stockholders. Description Debit Credit 1. Sold, at $38 per share, 2,600 shares of treasury common stock purchased in (f): Description Debit Credit Cash 98,800 Treasury Stock 85,800 Paid In Capital from Sale of Treasury Stock 13,000 j. Recorded the payment of semiannual interest on the bonds issued in (c) and the amortization of the premium for six mont Description Debit Credit Interest Expense 11.500 Premium on Bonds Payable 1,000 Cash 12,500