Financial Accounting 202-Instructor: HarrisExam 3A Winter 2018 B. Northwest Clothing Supply has the following transactions during the year to stockholders' equity: At the beginning of the year it has 3000 shares common stock and 450 shares of preferred stock outstanding.(21 points) January 1 related of Issues 3,000 shares of no-par value common stock for S30 per share. Board meets and establishes a par value of $15 per share for common stock and S25 per share for 8% February 5 preferred stock. Issues 800 shares of $25 par value March 15 July1 September 30 November 1 November 15 preferred stock for $32 per share. repurchases 1600 shares for $25 per share Reissues 500 shares for $18 per share. Reissues 900 shares for $28 per share Declares a cash dividend of $3.50 per share to all stock holders of record on October 20 Pays the cash dividend declared on December 19 November 15 Record each of these transactions GENERAL JOURNAL PAGE POST REF. DEBIT CREDIT DATE DESCRIPTION