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Journalists the stock transactions

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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.

Reference no: EM132973419

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