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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 shares of $ par value preferred stock at $ per share.
b Declared the annual cash dividend of $ per share on common stock. There were shares of $ par value common stock issued and outstanding throughout the year.
c Issued shares of $ par value preferred stock in exchange for a building when the market price of preferred stock was $ per share.
d Purchased shares of preferred stock for the treasury at a price of $ per share.
e Sold shares of the preferred stock held in treasury see d for $ per share.
f Declared and issued a stock dividend on the $ par value common stock see b when the market price per share was $
Prepare the journal entries to record each of the above transactions.
Note: If no entry is required for a transactionevent select No journal entry required" in the first account field.
Journal entry worksheet
Record the sale of shares $ par value preferred stock at $ per share.
Note: Enter debits before credits.
tableTransactionGeneral Journal,DebitaCredit,
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