The information below should be used for the next three questions. You will first provide the journal entries for each of 4 stock transactions. The next 2 part question will require you to provide the number of shares that are authorized, issued, outstanding and held in treasury (after these 4 transactions). Finally, you will prepare the stockholders' section of the balance sheet for Boogle Corporation.

Boogle Corporation was incorporated on January 1, 2020. The charter authorized the following stock:

Common Stock, $1 par value; 20,000 shares authorized

Preferred Stock, 5% cumulative; $100 par value; 5,000 shares authorized

The 2020 net income was $30,000 and the company did not pay any dividends in 2020.

1. In the space below, provide the journal entries for these transactions:

A) On January 1, 2020, Boogle issued a total of 8,000 shares of the $1 par value common stock for $60 per share.

B) On March 15, 2020, Boogle issued a total of 2,000 shares of the $100 par value preferred stock for cash at $130 per share.

C) On July 1, 2020, Boogle purchased 1,000 shares of its own common stock from the stockholders. The company paid $70 per share for this repurchase which is currently being held in Treasury.

D) On August 1, 2020, Boogle reissued 150 shares of the common treasury stock for $75 per share.

2.

How many shares of Boogle Corporation common stock (not preferred - just common) were authorized, issued, held in treasury and oustanding as of December 31, 2020? Use this format for your answers: 10,000 shares

Authorized: Blank 1

Issued: Blank 2

Outstanding: Blank 3

Treasury: Blank 4