Question 3: Stock Transactions (10 Points) A1, B1, C1 & C2

The following transactions related to (ABC) Corporation:

1/1/2010 Issued 10,000 common stock of $10 (market value) & 4$ par value.

5/2/2010 Issued 200 shares of $50 par value preferred stock for cash at $100 per share.

10/3/2010 Purchased 150 of its share at $30 each. 20/4/2010 Sold 100 of its treasury stock at $32 each.

30/5/2010 Sold the remaining treasury stock at $27 each.

Instruction:

Prepare the journal entries for all transactions.