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Refer to the following transactions.
A. Sold 4,700 previously unissued shares of $2 par value common stock for $17 per share.
B. Issued 2,000 shares of previously unissued 5% cumulative preferred stock, $30 par value, in exchange for land and a building appraised at $60,000.
C. Declared and paid the annual cash dividend on the preferred stock issued in transaction b.
D. Purchased 250 shares of common stock for the treasury at a total cost of $4,250.
E. Declared a cash dividend of $0.14 per share on the common stock outstanding.
F. Sold 120 shares of the treasury stock purchased in transaction d at a price of $33 per share.
G. Declared and issued a 3% stock dividend on the common stock issued when the market value per share of common stock was $26.
H. Split the common stock 3-for-1.
Prepare the journal entries to record each of the above transactions. You should assume that the transactions occurred in this chronological sequence and that 42,000 shares of previously issued common stock remain outstanding.