Stock Issue Jan 1, Wakunda Corporation Issued 50,000 shares of $3 par value common stock at $21 per share and 9,000 shares of $30 par value, ten percent preferred stock at $35 per share. On July 1, the company purchased 2,000 shares of its own common stock at $23 per share. a. January 1: Prepare the journal entries to record the share issuances. b. July 1. Prepare the journal entries for the purchase of treasury stock. b. Sept 1: Wakunda sold 1,500 shares of the treasury stock at $20 per share. Prepare the general journal entry to record the sole of this treasury stock. c. Dec 1: Wakundo sold the remaining 500 shares of treasury stock at $20 per share. I'repare the journal entry to record the sale of this treasury stock. Date Accounts Dr. Cr