Jan 1 Issued 20,000 shares,50pv,4% preferred stock Jan 2 Declared a 2:1 stock split Jan 3 Purchased automobiles by issuing 6,000 shares of common stock when its price was $8 Feb 6 Declared and issued a 5% stock dividend when the share price was $20 July 1 Reacquired 2000 shares when the price was $25 Dec 31 Declared a $2 per share dividend Dec 31 Net income was $880,000

Journalize the following transactions