Journalize the following transactions:

a A cash dividend of \(\$ 2\) a share is declared on the outstanding preferred stock. There are 5,000 shares authorized, 3,000 shares issued, and 100 shares reacquired and held in the treasury.

b A cash dividend of \(\$ 1\) a share is declared on the no-par common stock of which there are 10,000 shares authorized, 7,000 shares issued, and 1,000 shares reacquired and held in the treasury.

c The dividend on the preferred stock is paid.

d The dividend on the common stock is paid.