Olympic corporation completed the following transactions in 2009, Prepare journal entries for each transaction.
jan 10 sold 6,000 shares of 9% noncumulative $50 preferred stock for $85 per share
Feb 19 sold 3,000 shares of $10 par common stock for $15 per share
oct 12 Board of directors declare a 15% stock dividend on the common stock when the market value of the stock is $22 per share. the corporation has 120,000 shares of common stock outstandin