Presented below is information related to Roberts Company: The Company is granted a charter that authorizes issuance of 15,000 shares of $100 par value 6% preferred stock and 300,000 shares of $2 par value common stock.

1/1/20 40,000 shares of $2 par value common stock are issued at $12 per share.

2/2/20 4,000 shares of $100 par value preferred stock are sold for cash at $114 per share.

4/5/20 6,000 shares of $2 par value common stock are repurchased by the company at $15 per share.

5/9/20 1,500 treasury shares are resold at $16 per share.

Instructions: Prepare the general journal entries necessary to record these transactions.