Dec 8th- Issued 5,000 shares of common stock for $35,000Dec 15th- Purchased 2,000 shares of treasury stock paying $12,000Dec 17th- Issued 1,000 shares of treasury stock for $7,000Dec 20th- Issued 500 shares of treasury stock for $2,000Dec 27th- the board of directors declared a dividend of $50,000Dec 31 st- The dividends are paid.Dec 31st- Closed the credit balance of income summary for $1,300,000 and dividends.

Issuing of Stock - Journalize the following transactions chapter 13 December 1 Jenkins & Jones applied for and were granted a Charter for Corporation authorizing 1,000 shares of $100 par 12% Preferred Stock - 100,000 shares of $5 Common December 5th - Issued 5,000 shares of Common Stock at $6 per share December 7th - Issued all Preferred Stock at $160 per share