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During 2020, Wildhorse took part in the following transactions concerning stockholders' equity. 1. Paid the...

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Accounting

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During 2020, Wildhorse took part in the following transactions concerning stockholders' equity. 1. Paid the annual 2019 dividend on preferred stock and a $0.50 per share dividend on common stock. These dividends had been declared on December 31, 2019. 2. Purchased 900 shares of its own outstanding common stock for $8 per share. Wildhorse uses the cost method. 3. Reissued 900 treasury shares for land with an appraised value of $8,600. Wildhorse's common shares were trading for $8.50 per share. 4. Issued 49,000 shares of common stock at $9 per share. 5. Declared and recorded a 2:1 stock split on the outstanding common stock when the stock is selling for $10 per share. 6. Declared the annual 2020 dividend on preferred stock and the $0.50 per share dividend on common stock. These dividends are payable in 2021. Prepare journal entries to record the transactions described above. Assume transactions occurred in the order presented. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

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