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Journalize the following entries: On January 1, 2019, CD Audio and Video Inc. issues 20,000 shares of $8 par value common stock for $10. On
Journalize the following entries:
On January 1, 2019, CD Audio and Video Inc. issues 20,000 shares of $8 par value common stock for $10.
On January 15, 2019, the company issues 5,000 shares of preferred stock 2% stock, $100 par value for $125.
On October 1, 2019 declare a dividend of $30,000.
December 15, 2019, Journalize the payment of dividends on December 15th.
On December 20, 2019, CD Corporation re-acquires 5,000 shares of common stock for $15.
On January 15, 2020, 2,000 shares of the re-acquired stock were sold $17.
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