1. Argo Wireless needed additional capital to expand its operations, so the business incorporated. Argo Wireless is authorized to issue 50,000 shares of 8%, $50 par value preferred stock and 160,000 shares of $4 par value common stock. During its first year, Argo Wireless had the following transactions:

Jan. 2 Issued 19,000 shares of common stock for $6 per share.

Jan. 6 Issued 600 shares of preferred stock for $140 per share.

Jan. 10 Split common stock 2-for-1.

Mar 5 Purchased 1,000 shares of treasury stock for $8 per share.

Jul. 30 Declared a $2,400 cash dividend on preferred stock and a $1 per share cash dividend on common stock for stockholders of record on Aug 31.

Sep. 1 Paid the cash dividend.

Oct. 26 Sold 500 shares of treasury stock for $10 per share.

Nov. 30 Sold 300 shares of treasury stock for $4 per share.

Record the transactions for Argo Wireless.