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3 The Santa Fe Corporation is authorized to Issue 7,200 shares of 5 percent, $100 par-value preferred stock and 26,000 shares of no-par-value common stock

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3 The Santa Fe Corporation is authorized to Issue 7,200 shares of 5 percent, $100 par-value preferred stock and 26,000 shares of no-par-value common stock with a stated value of $60 per share. On December 31, 2019, 4,000 shares of preferred stock and 8,400 shares of common stock are issued and outstanding. The corporation's transactions affecting stockholders' equity during 2020 are given below. Skipped Jan. 15 Repurchaned 520 shares of outstanding preferred stock for $109,200 in canh. The stock is to be held as treasury stock. Mar. 1 Declared 2-for-1 stock aplit of common stock. Bach shareholder is to receive one now share for each share held. The stated value of the stock is reduced to $30 per share. Date of record in March 15. Date of issue in April 1. Apr.1 Issued the new whares declared on March 1. July 15 Declared a cash dividend of 5 percent on preferred stock and $0.60 per share on common stock to be paid on August 1 to holders of record on July 31. Aug. 1 Paid the cash dividend declared on July 15. Oct. 5 Accepted title to a tract of land with a fair market value of $54,000 from the city of Evergreen Park. The land is to be used as a building site for a new factory Nov. 8 The board of directors passed a resolution to appropriate $96,000 for the construction of a new warehouse Dec. 15 Declareda stock dividend payable January 15, 2021, to common stockholders of record on December 28, 2020, at the rate of one new share of common stock for each ten shares hold. The antimated market value of the common stock is $33 per share Record the transactions in a general journal. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 1 2 3 4 5 6 7 Repurchased 520 shares of outstanding preferred stock for $109,200 in cash The stock is to be held as treasury stock 3 value of the common stock is $33 per whare. Record the transactions in a general journal. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Skipped Journal entry worksheet 1 2 3 4 5 6 7 8 Repurchased 520 shares of outstanding preferred stock for $109,200 in cash. The stock is to be held as treasury stock. Note: Enter debits before credits General Journal Debit Credit Date Jan 15, 2020 Record entry Clear entry View general Journal 3 value of the common stock in $33 per share. Record the transactions in a general Journal. (If no entry is required for a transaction/event, select "No Journal entry required in the first account fleld.) View transaction list Skipped Journal entry worksheet

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