Can someone please help me with question 7 part a) and b).

a)

b)

X Answer is complete but not entirely correct. No Date General Journal Debit Credit 1 January 02, 2021 Cash 7,800,000 Common Stock 120,000 Additional Paid-In Capital 7,680,000 2 February 14, 2021 Cash 715,000 Preferred Stock 550,000 165,000 Additional Paid-In Capital 3 May 08, 2021 660,000 Treasury Stock Cash 660,000 4 May 31, 2021 Cash 360,000 Treasury Stock Additional Paid-In Capital OOO 330,000 30,000 5 22,240 x December 01, 202 Dividends Dividends Payable 22,240 6 December 15, 202 No Journal Entry Required 7 December 30, 202 Dividends Payable 22,240 x Cash 22,240 X X Answer is complete but not entirely correct. No Date General Journal Debit Credit 1 January 02, 2021 Cash 7,800,000 Common Stock 120,000 Additional Paid-In Capital 7,680,000 2 February 14, 2021 Cash 715,000 Preferred Stock 550,000 165,000 Additional Paid-In Capital 3 May 08, 2021 660,000 Treasury Stock Cash 660,000 4 May 31, 2021 Cash 360,000 Treasury Stock Additional Paid-In Capital OOO 330,000 30,000 5 22,240 x December 01, 202 Dividends Dividends Payable 22,240 6 December 15, 202 No Journal Entry Required 7 December 30, 202 Dividends Payable 22,240 x Cash 22,240 X