Selected transactions completed by Equinox Products Inc. during the fiscal year ended December 31, 20Y5, were as follows: 1. Journalize the selected transactions. If no entry is required, select "No entry required" from the dropdown. If an amount box does not require an entry, leave it blan a. Issued 15,000 shares of $20 par common stock at $30, receiving cash. Description Debit b. Issued 4,000 shares of $80 par preferred $1 stock at $100, receiving cash. Description Debit c. Issued $500,000 of 10-year, 5% bonds at 104, with interest payable semiannually. Description Debit Credit Credit Credit 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 at common stock were outstanding, no treasury shares were held and 20,000 shares of preferred stock were outstanding. Description Debit Credit Commen stock Preferred stock e. Paid the cash dividends declared in (a). Description Debit Credit 1. Purchased 4% bonds issued by Solstice Corp. as an available-for-sale investment for $300,150. Description Debit 9. Punchased 8,000 shares of treasury common stock at $33 per share Description Debit Credit Credit Print am h. Purchased 40,000 shares of Pinkberry Co's common stock directly from the founders for $24 per share. Pinkberry has 125,000 shares issued and outstanding Description Debit Credit i. Dedared 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 3. Paid the cash dividends to the preferred stockholders. Description Debit Credit 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 a held-to-maturity investment. Description Debit Credit m. Sold, at $38 per share, 2,600 shares of treasury cammon stock purchased in (g). Description Debit n. Received interest of $6,000 from the Solstice Corp. investment in (f). Description Debit Credit Credit o. Sold Solstice Corp. bonds with a face value of $40,020 for $45,000, realizing a gain of $4,900. Description Debit Credit p. Recorded the payment of semiannual interest on the bonds issued in (c) and the amortization of the premium for 6 months. The amortization is determined using the straight-line method. Description Debit Credit Description Debit Credit q. Accrued interest for 3 months on the Dream Inc. bonds purchased in 0). Description Debit Credit r. Pinkberry Co. reported total earnings of $240,000. Equinox Products recorded its share of Pinkberry Co. net income using the equity method. Description Debit Credit The Solstice Corp. bonds have a fair value of $253,630 on December 31, 2015. Valuation Allowance for Available-for-Sale Investments had a balance of zero on January 1, 2015. Description Debit Credit