Reference no: EM132538094

Question - The following capital transactions are associated with Sonata International. The company had $837,600 in their retained earnings account on December 31, 2019. The company issued the following:

a. 31,000 shares of no par 8% preferred stock for $124,000.

b. 45,000 shares of $9 par 6.7% preferred stock for $13 per share.

c. 212,000 shares of no-par common stock for $718,000.

d. 175,000 shares of $4.50 par common stock for $1,270,000.

e. 222,000 shares of $6 par common stock for $1,780,000.

f. 650,000, $1.25 par stock purchased off the open market for $1,055,000 cash.

g. 52,500 shares of 10.4% preferred stock with a par value of $19 per share sold for $23.5 per share.

h. 180,000 shares of $6 par common stock in exchange for a building worth $1,450,000.

Required - Complete the general journal entries for letters a-h.