Question: Prepare the journal entry to issue the stock below. Authorized Issued Outstanding Preferred Stock 8%, $100 1000 1000 1000 Common Stock, $1 Par 100000 75000

Prepare the journal entry to issue the stock below.

Authorized

Issued

Outstanding

Preferred Stock 8%, $100

1000

1000

1000

Common Stock, $1 Par

100000

75000

75000

April 2015

The company purchased 5000 shares of its own shares for 10 on the open market. Prepare this journal entry.

July 2015

The company declared a 10% stock dividend and the market price was $15.

September 2015

The company sells all its treasury stock for 12.50. Prepare this journal entry.

December 2015

Company declared a 50,000 dividend. Prepare the journal entry. How much per share?

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