How do you journalize this?
Wings over san diego (WOSD) is a publicly traded company with preferred and commom stock issured. As of Jan 1st it had 50000 shares of $100 par 2% preferred
stock outstanding and 250000 shares of $10 par common stock outstanding.
a) On Jan 31st the WOSD board of directors issues a requirement to purchase 5000 shares of WOSD common stock (its own stock) at the market price. The shares
are purchased at market price of $22 per share.
b) On March 15 WOSD declares a dividend on preferred stock of $2 per share. The date of record is March 25th and the date of payment is March 31st.
c) On Dec 1 WOSD declares a cash dividend on common stock of $0.15 per share. The date of record is Dec 15th and the date of payment is Dec 21st
d) On Dec 27th the board orders that 2500 shares of treasury stock be sold. the sale price is $25 per share
How do I journalize a-d?