202 203 199 There were $3,000 of preferred dividends in arrears on January 1, 2023. 200 During 2023, the company had the following transactions and events. Prepare the journal entries 201 and the stockholders' equity. 15-Jun Issued 10,000 shares of preferred stock at $95. 204 1-Jul Declared $100,000 of cash dividends to shareholders. 205 1-Sep Paid the cash dividend declared on July 1 206 207 208 209 210 15-Sep Announced a 2 for 1 common stock split when the market price was $38 1-Oct Purchased 10,000 shares of common for the treasury at $25 per share 1-Dec Declared and distributed a 10% stock dividend on the common stock when the market price was $20 per share. 15-Dec Sold 4,000 shares of treasury stock for $30 per share 211 31-Dec Closed the net income for 2021 of $750,000 212 213 214 15-Jun Cash DR $950,000 CR 215 preferred Stock 216 PIC 217 218 1-Jul Retained Earnings 219 Dividends payable preferred 220 dividends payable common 221 222 1-Sep dividends payable preferred 223 dividends payable common 224 retained earnings 225 226 15-Sep No entry 227 228 1-Oct 229 230 231 1-Dec 232 233 234 Sheet1