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Jones Corp. Shareholders' Equity December 31, 2016 Common Stock $2 par value (40,000 shares authorized 8,000 issues and outstanding) $16,000 $25,000 Preferred Stock, 6%, $5

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Jones Corp. Shareholders' Equity December 31, 2016 Common Stock $2 par value (40,000 shares authorized 8,000 issues and outstanding) $16,000 $25,000 Preferred Stock, 6%, $5 par (5,000 authorized and outstanding) Retained Earnings $30,000 Total shareholders' equity $71,000 Jan 10, 2017 Issued 1,000 shares of common stock for $a per share Feb.5, 2017 issued 15% stock dividend when the market price was $10 per share Feb. 25, 2017 Paid a cash dividend to common stockholders for $.25 a share March 4, 2017 Purchased 200 shares of common stock for $15 per share April 15, 2017 Sold 25 of the shares of common stock purchased on March 4 for $18 per share June 20, 2017 The company had a 60% stock dividend when the market price was $20 per share Dec. 31, 2017 The company issued and paid the preferred stockholders' their annual dividends REQUIRED: Prepare the general journal entries for all of 2017

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