Choctaw Co. completed the following transactions in Year 1, the first year of operation: 1. Issued 21,000 shares of $12 par common stock for $12 per share. 2. Issued 3,100 shares of $22 stated value preferred stock for $22 per share 3. Purchased 1,100 shares of common stock as treasury stock for $14 per share. 4. Declared a $2,100 cash dividend on preferred stock. 5. Sold 600 shares of treasury stock for $16 per share. 6. Paid $2,100 cash for the preferred dividend declared in Event 4 7. Earned cash revenues of $80,000 and incurred cash expenses of $42,000. 8. Closed revenue, expense, and dividend accounts to the retained earnings account 9. Appropriated $8,100 of retained earnings. Required: a. Prepare journal entries to record these transactions and post them to T-accounts. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Do not round your intermediate calculations.) View transaction list Journal entry worksheet 2 6 1 4 5 7 intermeaiate caiculations.) View transaction list Journal entry worksheet 1 2 3 4 5 6 7 Issued 21,000 shares of $12 par common stock for $12 per share. Note: Enter debits before credits. Event General Journal Debit 1. Record entry Vie Clear entry