Transactions Dr Cr Journal Accounts Cash Common Stock Transaction 1 Issued 10,000 shares of no par common stock for $5 each or $50,000. Retained Earnings Dividends Payable Transaction 2 Declared a cash dividend of $5,000 Treasury Stock Cash Transaction 3 Purchased 5,000 shares of treasury stock for $6 each or $30,000 Dividends Payable Cash Transaction 4 Pald the cash dividend of $5,000. Cash Treasury Stock APIC-Treasury Stock Transaction 5 Reissued 1,000 shares of treasury stock for $8 each or $8,000. Cash Preferred Stock Transaction 6 issued 1,000 share of preferred stock for $13,000. Cash APIC-Treasury Stock Retained Earnings Treasury Stock Transaction 7 Reissued 1,000 shares of treasury stock for $3 each or $3,000