Exer 8- Record the following in the general journal: 1/15-Your Co. paid $6336 in dividends declared last year. 3/12- Your Co. purchased back 1600 shares of its own common stock (par value of $6 per share) paying a total of $40000. 5/25- Your Co. issued 2400 shares of preferred stock ($4 per share par value) and received a total of 11/5- Your Co. issued 5600 shares of common stock ($6 per share par value) and received a total of 12/15-Your Co. declared a dividend of $0.4 per share on its $6 per share par value common stock. It issued 22000 shares, authorized 88000. & 17600 shares are outstanding