New Order Corp. reports the following transactions for 2020 (Click the icon to view the transactions.) Required. Prepare journal entries for the transactions Explanations are not required Prepare the journal entries for the 2020 ramactions (Record debits first, then credits. Round dollar amounts to the nearest cont. Exclude explanations from journal entries.) January 27: Sold 32,000 common shares for $7 per share Journal Entry Date Accounts I Doble Credit 27 Jan 2020 . uus are . sactions (Record debits first, then credits. Round dollar amounts to the nearest cent. Exclude explanations from journal entries.) or $7 per share. 0 Transactions ournal Entry Jan 27 Feb. 1 Oct. 13 Sold 32,000 common shares for 57 per share Sold 7,750 shares of $2.25, noncumulative, preferred shares for $75 per share Declared a 4 percent stock dividend on the common shares. The current market price of the common shares is $8 por share. There are 95,000 common shares outstanding on October 13 Distributed the stock dividend declared on October 13, Declared the annual dividend required on the preferred shares and a $0.50 per share dividend on the common shares. There are 12,000 preferred shares outstanding at this time honcumulative, preferred sh Nov. 16 Dec 11 Journal Entry inte ber in the input fields and til Print Done February 1 Sold 7.750 shares of $225, noncumulative, preferred shares for $75 per share. Journal Entry Accounts Debit Credit Feb 2020 October 13: Declared a 4% stock dividend on the common shares. The current market price of the common shares is 58 per share. There are 95,000 common shares ou Journal Entry Accounts Date Debit Credit