19) During its first year of operations, Cole's Electronics Inc. completed the following transactions relating to holders' equity ssued 1,000,000 shares of common stock for $25 per January 5: share ssued 20,000 shares of common stock to accountants for ebruary 12: $500,000 of professional services The articles of incorporation authorize 5,000,000 shares of common stock with a par of $1 per share and 1,000,000 preferred shares with a par of $100 per share. Required: Record the above transactions in general journal form. 20) Cal Cookie Company (CCC) has 100 million shares of $1 par common stock authorized. The sactions below caused changes in CCC's outstanding shares Repurchased and retired 1 million shares at $8 per January 4, 2018: share une 25,2018: Repurchased and retired 2 million shares at $2 per share. Prior to the transactions, ccC's shareholders' equity included the following Common stock, 80 million shares at $1 par Paid-in capital-excess of par Retained earnings Required: Record entries for the above transactions $80,000,000 160,000,000 20,000,000 21) on October 15, 2018, a 5% stock dividend was declared and distributed. The fair value of the common stock on this date was $32 per share. Fractional share rights represented 100,000 shares. Cash was paid in lieu of issuing fractional share rights. On the date of declaration and payment, the company had 10 million shares of common stock outstanding. The par of the common shares was $5. Required: Prepare any necessary journal entries to record the above events