Part 1:

Selected transactions completed by Equinox Products Inc. during the fiscal year ended December 31, 20Y8, were as follows:

1. Journalize the selected transactions.

If no entry is required, select "No entry required" from the dropdown and leave the amount boxes blank. If an amount box does not require an entry, leave it blank.

d. 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 the common stock and the preferred stock entries separately.

g. Declared a $1.00 quarterly cash dividend per share on preferred stock. On the date of record, 20,000 shares of preferred stock had been issued.

a. Issued 15,000 shares of $20 par common stock at $30, receiving cash, Description Debit Credit Cash 450,000 Common Stock 300,000 Paid-In Capital in Excess of Par-Common Stock 150,000 b. Issued 4,000 shares of $80 par preferred 5% stock at $100, receiving cash Description Debit Credit Cash 400,000 Preferred Stock 320,000 Paid-In Capital in Excess of Par-Preferred Stock 80,000 c. Issued $500,000 of 10-year, 5% bonds at 104, with interest payable semiannually, Description Debit Credit Cash 520,000 Bonds Payable 500,000 Premium on Bonds Payable 20,000 Description Debit Credit Cash Dividends 50,000 Cash Dividends Payable 50,000 Common stock Cash Dividends 20,000 Cash Dividends Payable 20,000 Preferred stock e. Paid the cash dividends declared in (d). Description Debit Credit Cash Dividends Payable 70,000 Cash 70,000 red SLOG Description Debit Credit h. Paid the cash dividends to the preferred stockholders. Description Debit Credit 1. Sold, at $38 per share, 2,600 shares of treasury common stock purchased in (f). Description Debit Credit Description Debit Credit