Jackson State had the following transactions for the year ended 2013.
During the year, Jackson had 1,000 shares of $1 par value common stock issued and outstanding and 2000 shares of $10 par value preferred stock. Transactions during the year are listed below
| Date | Transaction |
| 3/1 | Sold 5,000 shares of no par common stock for $20 per share. |
| 4/20 | Sold 2,000 shares of $10 par value preferred stock for $40 per share. |
| 6/25 | Reacquired 2000 shares of stock for $25 per share. |
| 7/30 | Reissued 450 shares at $30 per share. |
| 10/31 | Declared a cash dividend of 2.00 per share to common and preferred stock holders as of 11/15. |
| 12/10 | Paid the cash dividend |
Journalize the transactions listed above.
General journal page 1.
