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Prepare the journal entries to record each of the above transactions. (If no entry is required for a transaction/event, select No journal entry required in
Prepare the journal entries to record each of the above transactions. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Required Information Journal entry worksheet Problem 8-28 Transaction analysis-various accounts LO 1, 2, 4,6 4 Record the sale of 2,810 shares of $10.5 par value preferred stock at $14 per share The following information applles to the questions displayed belowj Refer to the following transactions. Note: Enter debits before credits. ransaction General Journal DebitCredit a. Sold 2,810 shares of $10.5 par value preferred stock at $14.00 per share b. Declared the annual cash dividend of $3.5 per share on common stock. There were 9.400 shares of $1 par value common stock issued and outstanding throughout the year C. Issued 3,800 shares of $10.5 par value preferred stock inxchange for a building when the market price of preferred stock was $13.5 per share. d. Purchased 170 shares of preferred stock for the treasury at a price of $1300 per share e. Sold 70 shares of the preferred stock held in treasury (see d) for $18.5 per share. f. Declared and issued a 15% stock dividend on the $1 par value common stock when Record entry Clear entry View general journal the market price per share was $47
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