On April 2 a corporation purchased for cash 6,000 shares of its own $14 par common stock at $28 per share. It sold 4,000 of the treasury shares at $31 per share on June 10. The remaining 2,000 shares were sold on November 10 for $24 per share. a. Journalize the entries for the purchase (treasury stock is recorded at cost). If an amount box does not require an entry, leave it blank. Apr. 2 b. Lournalize the entries for the sale of the stock. If an amount box does not require an entry, leave it blank. On May 10, a company issued for cash 1,400 shares of no-par common stock (with a stated value of $4 ) at $16 , and on May 15 , it issued for cash 5,000 shares of $17 par preferred stock at $60 . Journalize the entries for May 10 and 15 , assuming that the common stock is to be credited with the stated value. If an amount box does not require an entry, leave it blank. A company had stock outstanding as follows during each of its first three years of operations: 3,000 shares of 8% , $100 par, cumulative preferred stock and 48,000 shares of $10 par common stock. The amounts distributed as dividends follow. Determine the total and per- share dividends for each class of stock for each year by completing the schedule. Round dividends per share to the nearest cent. If your answer is zero, please enter " 0 "..

1. On April 2 a corporation purchased for cash 6,000 shares of its own $14 par common stock at
$28 per share. It sold 4,000 of the treasury shares at $31 per share on June 10. The remaining
2,000 shares were sold on November 10 for $24 per share. a. Journalize the entries for the
purchase (treasury stock is recorded at cost). If an amount box does not require an entry, leave it
blank. Apr. 2 b. Lournalize the entries for the sale of the stock. If an amount box does not require
an entry, leave it blank. On May 10, a company issued for cash 1,400 shares of no-par common
stock (with a stated value of $4 ) at $16 , and on May 15 , it issued for cash 5,000 shares of $17
par preferred stock at $60 . Journalize the entries for May 10 and 15 , assuming that the common
stock is to be credited with the stated value. If an amount box does not require an entry, leave it
blank. A company had stock outstanding as follows during each of its first three years of
operations: 3,000 shares of 8% , $100 par, cumulative preferred stock and 48,000 shares of $10
par common stock. The amounts distributed as dividends follow. Determine the total and per-
share dividends for each class of stock for each year by completing the schedule. Round
dividends per share to the nearest cent. If your answer is zero, please enter " 0 ".