Dawn Company general ledger shows the following account balances among others on Dec 31, 2022:

Preferred shares, no par value, 8%, cumulative and participating, 1,000 issued & outstanding	100,000
Common shares, no par value, 20,000 authorized, 6,000 issued, and outstanding	270,000
Contributed Surplus-common shares		1,000
Contributed Surplus-Preferred shares		10,000
Retained earnings			145,000
Total shareholders equity		526,000

Problems:

The following transactions occurred during 2023

A) Jan 10, Issued 1,000 common shares at $25 per share for cash

B) Feb 8, Bought and canceled 200 common shares at $20 per share

C) Issued 1,000 preferred shares for $10 per share cash

D) Mar 9, Issued 200 common shares at $40 per share for cash

E) Apr 9, Bought and canceled 200 common shares at $50 per share

F) June 6, Bought and canceled 2,000 common shares at $50 per share

G) July 2 declare cash dividends amount of $3 per common share and 8% for preferred shares, for the date of records Aug 24, payable on Oct 10.

Needed:

1. Prepare the journal entries for the above transactions
2. After all the above transactions, prepare a partial balance sheet to present shareholders equity.