Business, 14.12.2019 04:31, ford45

Coffey's coffee shop was organized on january 1, 2005 and was authorized to issue 200,000 shares of $2 par value common stock and 100,000 shares of $100, 6% cumulative preferred stock. the preferred stock is convertible to common at the rate of 1 preferred share to 4 shares of common. the conversion rate is restated for all stock dividends and splits. coffee had the following stock transactions in 2005:

1/1/2005 - sold 30,000 shares of common stock at $20 per share.
1/1/2005 - sold 10,000 shares of preferred stock at $100 per share.
4/1/2005 - issued at 50 percent stock dividend when the market price is $26 per share.
9/1/2005 - purchased 4,000 treasury shares at $30 per share.
10/1/2005 - sold 1,000 of the treasury shares at $32 per share.
11/1/2005 - sold 2,000 of the treasury shares at $25 per share.
12/1/2005 - issued a 2-1 for stock split.
12/20/2005 - declared the required dividend to preferred stock holders and a $.25 per share dividend to common stockholders. dividends are payable on 12/31/2005.
12/31/2005 - paid dividends declared on 12/20/2005.

prepare journal entries to record all of the above business events.

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Coffey's coffee shop was organized on january 1, 2005 and was authorized to issue 200,000 shares of...