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Radko Inc. had the following transactions related to its common and preferred shares: January 15 Issued 350,000 no par common shares for $15 per share.

Radko Inc. had the following transactions related to its common and preferred shares:

January 15 Issued 350,000 no par common shares for $15 per share. Issued 5,000 $20 stated value preferred shares at $23 per share.
November 29 Repurchased and cancelled 30,000 common shares at $21 per share.

Required:

Prepare the journal entries for these transactions. For a compound transaction, for those boxes in which no entry is required, leave the box blank.

Jan. 15
(Record sale of preferred and common shares)
Nov. 29
(Record purchase and cancellation of common shares)

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