c. Issued $500,000 of 10-year, 5% bonds at 104, with interest payable semiannually. Description Debit Credit d. Declared a quarterly dividend of $0.50 per share on common stock and $1.00 per share on preferred stock. On the date of record, 100,000 shares of common stock were outstanding, no treasury shares were held and 20,000 shares of preferred stock were outstanding Description Debit Credit Common stock Preferred toch e. Paid the cash dividends declared in (d). Description Debit Credit f. Purchased 7,500 shares of Solstice Corp. at $40 per share plus a $150 brokerage commission. The investment is classified as an available for sale investment Description Debit Credit