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Common Stock, $2 par value (40,000 shares authorized8,000 issues and outstanding)$16,000Preferred Stock, 6%, $5 par...

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Accounting

Common Stock, $2 par value (40,000 shares authorized8,000 issues and outstanding)$16,000Preferred Stock, 6%, $5 par (5,000 authorized and outstanding)Retained Earnings$25,000$30,000Total shareholders' equity $71,000Jan. 10,2017 Issued 1,000 shares of common stock for $8 per shareFeb.5,2017 Issued 15% stock dividend when the market price was $10 per share Feb. 25,2017 Paid a cash dividend to common stockholders for $.25 a shareMarch 4,2017 Purchased 200 shares of common stock for $15 per shareApril 15,2017 Sold 25 of the shares of common stock purchased on March 4 for $18 per shareJune 20,2017 The company had a 60% stock dividend when the market price was $20 per share Dec. 31,2017 The company issued and paid the preferred stockholders' their annual dividendsREQUIRED:Prepare the general journal entries for all of 2017. solve and show all work and answers

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