January 1 : Issued 15,000 shares of $20 par common stock at $30, receiving cash. Record the transaction in the general journal. January 1 : Issued 4,000 shares of $80 par preferred 5% stock at $100, receiving cash. Record the transaction in the general journal. January 1 : Issued $500,000 of 10 -year, 5% bonds at 104 , with interest payable semiannually. Record the transaction in the general journal. Instructions April 1: Declared 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. Record the transaction in the general journal. April 10: Paid the cash dividends declared. Record the transaction in the general journal. May 1: Purchased 8,000 share of treasury common stock at $33 per share. Record the transaction in the general journal. Instructions July 1: Declared a \$1.00 quarterly cash dividend per share on preferred stock. On the date of record, 20,000 shares of preferred stock had been issued. Record the transaction in the general journal. Instructions July 10: Paid the cash dividends to the preferred stockholders. Record the transaction in the general journal. August 1: Sold, at $38 per share, 2,600 shares of treasury common stock purchased. Record the transaction in the general journal. Instructions October 10: Recorded the payment of semiannual interest on the bonds issued and the amortization of the premium for six months. The amortization is determined using the straightline method. Record the transaction in the general journal. Instructions Display the General Journal report under the Journal Reports menu on the top menu bar. Navigate back to the General Journal window under the Tasks menu to make corrections, if necessary. You may change the journal entry and repost it or you may select the button to delete an entry and re-enter a corrected one