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a . Sold 4 , 1 0 0 shares of $ 5 0 par value preferred stock at $ 5 2 . 5 0 per

a. Sold 4,100 shares of $50 par value preferred stock at $52.50 per share.
b. Declared the annual cash dividend of $2.20 per share on common stock. There were 5,600 shares of $1 par value common stock issued and outstanding throughout the year.
c. Issued 8,000 shares of $50 par value preferred stock in exchange for a building when the market price of preferred stock was $54 per share.
d. Purchased 1,700 shares of preferred stock for the treasury at a price of $57 per share.
e. Sold 1,100 shares of the preferred stock held in treasury (see d) for $58 per share.
f. Declared and issued a 12% stock dividend on the $1 par value common stock (see b) when the market price per share was $44.
Prepare the journal entries to record each of the above transactions.
Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field.
Journal entry worksheet
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Record the sale of 4,100 shares $50 par value preferred stock at $52.50 per share.
Note: Enter debits before credits.
\table[[Transaction,General Journal,Debit],[a.,Credit,],[,,]]
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