B&J Corporation was established in 2016. B&J has authorized 50,000 shares of common stock, par value $2 per share, and 10,000 authorized shares of 6% preferred stock, par value $10 per share. Net Income for 2016 was $210,000. The following transactions took place during 2016:

January 1	Issued 30,000 shares of common stock for cash at $20 per share.
February 1	Issued 8,000 shares of preferred stock for cash of $50 per share.
June 1	Repurchased 4,000 shares of L&D common stock at $18 per share.
August 1	Reissued 2,000 shares of the treasury stock at $19 per share.
December 1	Declared cash dividends on Common Stock only totaling $70,000 to be paid on January 15, 2017 to owners on record as of December 31, 2016.

Required: Please show calculations a)Prepare journal entries for each of the above transactions.