PART IV - STOCK ENTRIES (18 points) Denzel Brooks Inc. opens a Web consulting business called Venture Consultants and completes the following transactions in March. March 1 Received authorization from the State for 40,000 shares of $0.40 par value common stock and 5,000 shares of $50 par value, 6% preferred stock. 2 Issued 5,000 shares common stock for $8 per share. 8 Declared a $0.60 cash dividend per share to common stockholders to be paid on March 28 to the stockholders of record on March 18. 19 Purchased 2,000 shares of the company's own common stock at $11 per share. 20 Sold 700 shares of the treasury stock for $14 per share. 22 Sold 1,000 shares of the treasury stock for $9 per share. 25 Issued 2,000 shares of preferred stock for $120,000. 27 Sold 300 shares of the treasury stock for $10 per share. 28 Paid the dividends previously declared. Required 1. Prepare general journal entries to record these transactions. (On the next tab)