The following events relate to stockholders' equity transactions of the Richardson Copper Company during the first year of its existence. Present journal entries for each of the transactions.

a January 2. Articles of incorporation are filed with the State Corporation Commission. The authorized capital stock consists of 5,000 shares of \(\$ 100\) par value, preferred stock which offers a 5-percent annual dividend, and 50,000 shares of no-par common stock. The original incorporators are issued 100 shares of common stock at \(\$ 20\) per share; cash is collected for the shares. A stated value of \(\$ 20\) per share is assigned to the common stock.

b January 6. 1,500 shares of common stock are issued for cash at \(\$ 20\) per share.

c January 8.2.800 shares of preferred stock are issued at par.

d January 9. Certificates for the shares of preferred stock are issued.

e January 12. The tangible assets and goodwill of Richardson Copper Works, a partnership, are acquired in exchange for 600 shares of preferred stock and 10,000 shares of common stock. The tangible assets acquired are valued as follows: inventories, \(\$ 40,000\); land, \(\$ 45.000\); buildings, \(\$ 80,000\); and equipment, \(\$ 95,000\).

f July 3. The semiannual dividend on the preferred stock outstanding is declared, payable July 25, to stockholders of record on July 12.

g July 5. Operations for the first 6 months have been profitable, and it is decided to expand. The company issues 20,000 shares of common stock for cash at \(\$ 23\) per share.
h July 25. The preferred stock dividend declared July 3 is paid.
i October 2. The directors declare a dividend of \(\$ 1\) per share on the common stock, payable October 25, to stockholders of record on October 12.
j October 25. The dividend on common stock declared on October 2 is paid.