Journalize the following transactions:



1 Issued 15000 shares of $20 par common stock at $30, receiving cash

2 Issued 4,000 shares of $80 par preferred 5% stock at $100, receiving cash

3 Issued $500,000 of 10 year, 5% bonds at 104, with interest payable semiannually

4 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

5 Paid the cash dividends declared in question 4

6 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

7 Purchased 8,000 shares of treasury common stock at $33 per share

8 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

9 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

10 Paid the cash dividends to the preferred stockholders

11 Received $27,500 dividend from Pinkberry Co. investment in question 8