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Omega Comp had the following on their Balance Sheets of December 31 Preferred Stock (5100 par value, 20,000 shared issued Common Stock (510 par value,

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Omega Comp had the following on their Balance Sheets of December 31 Preferred Stock (5100 par value, 20,000 shared issued Common Stock (510 par value, 300,000 shares issued) Paid in Capital in Excess of Par Retained Earnings Treasury Stock (10,000 shares) Total Stockholders' Equity $2,000,000 3,000,000 10,000,000 4,000,000 500.000) $18.500,000 Prepare the following lournal entries show all your work Jan 15 Issued 50,000 shares of Common Stock for $1.200.000 Date Account Name Debit Credit Jun 20 Purchased 5,000 shares of Treasury Steck for $11,000 Date Account Name Debit Credit Dec 15 Declared a 5% cash dividend on the preferred stock Date Account Name Debit Credit ast PalCell Titain's the www

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