Question 16 12 pts For this question, you will need to do the following Download the attached document Journal - Question 16.xlsx and save to your computer. Complete the problem on your computer. . Once completed you will need to upload the document back to Canvas. Question 16 - Journalize the following transactions On January 1, 2019, CD Audio and Video Inc. issues 20,000 shares of $8 par value common stock for $10. . On January 15, 2019, the company issues 5,000 shares of preferred stock 2% stock, $100 par value for $125. On October 1, 2019 declare a dividend of $30,000. December 15, 2019, Journalize the payment of dividends on December 15th On December 20, 2019. CD Corporation re-acquires 5,000 shares of common stock for $15. . On January 15, 2020, 2,000 shares of the re-acquired stock were sold $17. Upload Choose a File CHART OF ACCOUNTS CASH ACCOUNTS RECEIVABLE INTEREST RECEIVABLE EQUIPMENT ACCUMULATED DEPRECIATION - EQUIPMENT TRUCK ACCUMULATED DEPRECIATION - TRUCK LAND INVESTMENT IN BONDS INVESTMENTS - (NAME) VALUATION ALLOWANCE FOR TRADING INVESTMENTS ACCOUNTS PAYABLE BONDS PAYABLE INTEREST PAYABLE CASH DIVIDENDS PAYABLE DISCOUNT ON BONDS PAYABLE PREMIUM ON BONDS PAYABLE COMMON STOCK PREFERRED STOCK PAID IN CAPITAL IN EXCESS OF PAR-COMMON STOCK PAID IN CAPITAL IN EXCESS OF PAR PREFERRED STOCK TREASURY STOCK PAIO IN CAPITAL FROM SALE OF TREASURY STOCK CASH DIVIDENDS STOCK DIVIDEND RETAINED EARNINGS SALES INTEREST REVENUE DIVIDEND REVENUE GAIN ON REDEMPTION OF BONDS GAIN ON SALE OF INVESTMENTS INCOME OF (NAME OF CORPORATION) UNREALIZED GAIN (LOSS) ON AVAILABLE FOR SALE INVESTMENT UNREALIZED GAIN (LOSS) ON TRADING INVESTMENTS ORGANIZATIONAL EXPENSES INTEREST EXPENSE AMORTIZATION EXPENSE COST OF MERCHANDISE SOLD LOSS ON REDEMPTION OF BONDS LOSS ON SALE OF INVESTMENTS RENT EXPENSE SALARIES EXPENSE SUPPLIES EXPENSES