Journal entries for cash dividends. Journalize the following transactions:

a. A firm declares a cash dividend of $2 a share on the outstanding preferred stock.

There are 6.000 shares authorized, 2,500 shares issued, and 200 shares reacquired and held in the treasury.

b. The firm declares a cash dividend of $3 a share on the no-par common stock, of which there are 20.000 shares authorized, 12,000 shares issued, and 2,000 shares reacquired and held in the treasury.

c. The firm pays the dividend on the preferred stock.

d. The firm pays the di\idend on the common stock.