Selected transactions completed by Equinox Products Inc. during the fiscal year ended December 31, Year 1, were as follows: 1. Journalize the selected transactions If no entry is required, select "No entry required" from the dropdown. For a compound transaction. If an amount box does not require an entry, leave it blank 0. Issued 15,000 shares of $20 par common stock at $30, receiving cash. Description Debit Credit Cash 450,000 Common Stock 300,000 Pald-In Capital in Excor Par Common Stock 150,000 b. Issued 4,000 shares of $80 par preferred stock at son ceceiving cash Description Debit Credit Cash Preferred Stock 400,000 320,000 30,000 pald-in Capital in Excess of Par-Preferred Stock c. Issued $500,000 of 10-year, 5% bonds at 104, with interest payable semiannually. Description Debit Credit Cash 520,000 Bonds Payable 500,000 Premium on Bonds Payable 20,000 d. Declared a quarterly dividend of $0.50 per share on common stock and $1.00 per share on preferred stock. On the date of record, 100,000 shares of common stock were outstanding, no treasury shares were held and 20,000 shares of preferred stock were outstanding Debit Credit Description Cash Dividends 50,000 Cash Dividends Payable 50,000 Common stock Cash Dividends 20,000 Cash Dividends Payable 20,000 Preferred stock e. Paid the cash dividends declared in (d). Description Debit Credit f. Purchased 7,500 shares of Solstice Corp. at $40 per share plus a $150 brokerage commission. The investment is classified as an available for sale investment Description Debit Credit g. Purchased 8,000 shares of treasury common stock at $33 per share, Description Debit Credit h. Purchased 40,000 shares of Pinkberry Co. stock directly from the founders for $24 per share. Pinkberry has 125,000 shares issued and outstanding. Equinox Products Inc. treated the investment as an equity method investment. Description Debit Credit 1. Declared a $1.00 quarterly cash dividend per share on preferred stock. On the date of record, 20,000 shares of preferred stock had been issued Description Debit Credit J. Pald the cash dividends to the preferred stockholders Description Debit Credit k. Received $27,500 dividend from Pinkberry Co. investment in (h). Description Debit Credit 1. Purchased $90,000 of Dream Inc. 10-year, 5% bonds, directly from the issuing company, at their face amount plus accrued interest of $375. The bonds are dassified as a held-to-maturity long-term investment Description Debit Credit m. Sold, at 8 per share, 2,600 shares of treasury common stock purchased in (9) Description Debit Credit n. Received a dividend of $0.60 per share from the Solstice Corp. Investment in (F). Description Debit Credit o. Sold 1,000 shares of Solstice Corp. at $45, including commission Description Debit Credit