On January 1, 2018 Delta Corporation had 50,000 preference shares issued and outstanding, the share have par value $ 2 per share, during the year the following transactions occurred. Instruction: Prepare the journal entries for following transactions: April 1 issued 12,000 additional preference shares for $15 per share June 15 declared cash dividend $4 per share July 10 paid the cash dividend that declared on June 15 October 1 purchased 3,000 treasury shares for cash at $12per share December 1 sold 1,000 treasury shares for cash $15 per share 7 B 1 III US X2 XA