page 10 Jan 3 Issued 15,000 shares of $20 par common stock at $30. receiving cash Feb. 15 issued 4,000 shares of S80 par preferred 5% stock at $100, receiving cash. May 1 Issued S500.000 of 10-year, 5% bonds at 104, with interest payable semiannually. 16 Declared a quarterly dividend of $0.50 per share on common stock and $1.00 per share on preferred stock. On the date of record, 100,000 shares of common stock were outstanding, no treasury shares were held, and 20,000 shares of preferred stock were outstanding, Journalize this transaction as two separate entries. 26 Paid the cash dividends declared on May 16 Jun.Purchased 7.500 shares of Solstice Corp. at $40 per share, plus a $150 brokerage commission. The investment is classified as an Purchased 8,000 shares of treasury common stock at $33 per share. Purchased 40,000 shares of Pinkberry Co, stock directly trom the founders for $24 per share Pinkberry has 125,000 shares issued and outstanding, Equinox Products Inc. treated the investment as an equity 8 22 30 Decared a $1,00 quanteny cash avidend per share on pretered sook on the date of recore 20.o0o 20,000 shares of preferred stock had been issued Jol11 Paid the cash dividends declared on Jun, 30 to the preferred stockholders Aug 27 Received $27.500 dividend from Pinkberry Co. investment or Jun 22 page 10 Jan 3 Issued 15,000 shares of $20 par common stock at $30. receiving cash Feb. 15 issued 4,000 shares of S80 par preferred 5% stock at $100, receiving cash. May 1 Issued S500.000 of 10-year, 5% bonds at 104, with interest payable semiannually. 16 Declared a quarterly dividend of $0.50 per share on common stock and $1.00 per share on preferred stock. On the date of record, 100,000 shares of common stock were outstanding, no treasury shares were held, and 20,000 shares of preferred stock were outstanding, Journalize this transaction as two separate entries. 26 Paid the cash dividends declared on May 16 Jun.Purchased 7.500 shares of Solstice Corp. at $40 per share, plus a $150 brokerage commission. The investment is classified as an Purchased 8,000 shares of treasury common stock at $33 per share. Purchased 40,000 shares of Pinkberry Co, stock directly trom the founders for $24 per share Pinkberry has 125,000 shares issued and outstanding, Equinox Products Inc. treated the investment as an equity 8 22 30 Decared a $1,00 quanteny cash avidend per share on pretered sook on the date of recore 20.o0o 20,000 shares of preferred stock had been issued Jol11 Paid the cash dividends declared on Jun, 30 to the preferred stockholders Aug 27 Received $27.500 dividend from Pinkberry Co. investment or Jun 22