Equity transactions: Prepare journal entries for the following stock transactions: 1.Issued 10,000 shares of common stock, S5 par value, for $8 per share 2. Repurchased 1,000 shares of its own stock for $10 per share. 3. Declared a cash dividend of S.50 per share on the common stock. 4. Issued a 5% stock dividend when the market value was S12 per share. s. Declared a 2-for-1 stock split when the market value was S16 per share. Example: X Company issued bonds with a face value of $400,000 at 96 on January 1,2019. They had a 20-year term and an 8% annual interest rate. Interest was payable on December 31 of each year. a. Prepare the journal entry to record the bond issuance. b. Prepare the journal entry to record the interest expense at December 31, 2019. c. Calculate the carrying value of the bonds at 12/31/19. If the market rate is less than the stated rate, bonds are sold at a What is the advantage of debt financing over equity financing