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Instructions Selected transactions completed by Equinox Products inc. during the fiscal year ended December 31, 20Y8, were as follws: 8, were as follows Record on
Instructions Selected transactions completed by Equinox Products inc. during the fiscal year ended December 31, 20Y8, were as follws: 8, were as follows Record on journal page 10: 3 Jan Feb. May Issued 15,000 shares of $20 par common stock at $30, receiving cash. Issued 4,000 shares of $80 par preferred 5% stock at S100, receiving cash. Issued S500.000 of 10-year, 5% bonds at 104, with interest payable semiannually. 15 1 clared a quarterly dividend of $0.50 per share on common stock and $1.00 per share on preferred stock On the date of record, 100,000 shares of common stock were outstanding, no treasury shares were held, and 20,000 shares of preferred stock were outstanding Paid the cash dividends declared on May 16 Purchased 8,000 shares of treasury common stock at $33 per share 16 De 26 Jun 8 30 Declared a $1.00 quarterly cash dividend per share on preferred stock. On the date of record, 20,000 shares of preterred stock had been issued Jul. 11 Paid the cash dividends to the preferred stockholders. Record on journal page 11 Oct 7 Sold at 538 per share. 2.600 shares of treasury common stock purchased on Jun. 8
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