Reference no: EM132973419
Question - Journalists the following stock transactions. Include narratives.
Feb 5 Canuck Corp. issued 20,000 shares of $35 par preferred stock in exchange for land that has a current market value of $900,000.
Mar 17. Cannuck Corp. issued 14,000 shares of $18 par common stock at its par for cash.
April 30. Reacquired 6,000 shares of the common stock at $20 per share.
May 8. Sold 5,000 of the reaquired shares of stock at $25 per share.
June 12. Cash dividends declared of $50,000.
July 8 Date of record for the cash dividends.
August 1. Cash dividends paid, $50,000.