1. C Company issues a new category of preferred stock on 12/15/19. They are authorized 10,000 shares issue and sell 5,000 shares. The par value is $0.001 and the stock was sold for $5 a share.

2. C Company decides to issue a $200,000 dividend on 12/31/19. The dividend will be paid to all owners on record 1/15/20. The payment date will be 1/31/20.

Need Journal Entries done for these two, thank you!