Lipe Company reports the following transactions relating to its stock accounts. Feb. 20 Issued 18,000 shares of $1 par value common stock at $25 cash per share. Feb. 21 Issued 27,000 shares of $100 par value, 8% preferred stock at $250 cash per share. Jun. 30 Purchased 3,600 shares of its own common stock at $15 cash per share. Sep. 25 Sold 1,800 shares of the treasury stock at $21 cash per share. a. Prepare the journal entries for these transactions. b. Post the journal entries to the related T-accounts. Prepare Journal Entries Post to T-Accounts a. Prepare the journal entries for these transactions. Date Feb. 20 Cash Account Debit Credit 0 0x 0 0x Additional paid-in capital 0 0x To record common stock issuance. Feb. 21 0 0x 0 0x Additional paid-in capital 0 x To record preferred stock issuance. Jun. 30 0 0x Additional paid-in capital 0 0x To record purchase of treasury stock. Sep. 25 C 0x 0 0 x Additional paid-in capital 0 0 * To record sale of treasury stock Lipe Company reports the following transactions relating to its stock accounts Feb. 20 Issued 18,000 shares of $1 par value common stock at $25 cash per share. Feb. 21 sued 27,000 shares of $100 par value, 8% preferred stock at $250 cash per share. Jun. 30 Purchased 3,600 shares of its own common stock at $15 cash per share. Sep. 25 Sold 1,800 shares of the treasury stock at $21 cash per share a. Prepare the journal entries for these transactions. b. Post the journal entries to the related T-accounts Prepare Journal Entries Post to T-Accounts b. Post the journal entries to the related T-accounts NOTE: Enter your answers, in transaction order, in the first open field of the appropriate column in each account. CASH TREASURY STOCK ox ADDITIONAL PAID IN CAPITAL COMMON STOCK PREFERRED STOCK