Selected transactions completed by Equinox Products Inc. during the fiscal yesar ended December 31, 20Y5, were as follows:Record on journal page 103 Issued 15,000 shares of $20 par common stock at S30, receiving cash.Issued 4,000 shares of S80 par preferred $1 stock at $100, receiving cash.Jan.Feb.151 Issued $500,000 af 10-yesar, 5% bonds at 104, with interest payable semiarnually.Decared a quarterly dividend af $0.50 per share an comman stock and $1.00 per share an preferredMay16stock. On the date of record, 100,000 shares of common stock were autstanding, no treasury shareswere held and 20,000 shares of preferred stock were autstanding Jounalze mis transaction as twoseparate entries.26Paid the cash dividends decared on May 16.Jun.Purchased 4% bonds issued by Solstice Corp. as an available-far-sale investment for $300,150.Purchased 8,000 shares of treasury corman stock at $33 per share.22Purchased 40,000 shares af Pinkberry Co's common stock directly from the founders for $24 pershare. Pinkberry has 125,000 shares issued and outstanding.30Decared a $1.00 quarterly cash dividend per share on prefered stock. On the date of record, 20,000shares of preferred stack had been issued.Jul.11Paid the cash dividends to the preferred stockholders.Aug.Received S27,500 dividend from Pirikberry Co. investment in Jun. 22.27Record on journal page 11:Oct.Purchased S90,000 af Dream Inc. 10-year, 5% bonds, directly from the issuing company, at their faceamount plus accrued interest of S375. The bonds are a held-to-maturity investment.7Said, at $38 per share, 2,600 shares of treasury common stock purchased on Jun. a.14Received interest af $6,000 fram the Saistice Corp. investment an Jun. 1.29Said Salstice Corp. bands with a face value of $40,020 for S45,000, resalizing a gain of $4,980.31Recorded the payment of semiannual interest on the bonds issued on May 1 and the amortization ofthe premium for 6 months. The amortization is delermined using the straight-line method.Dec.31Accrued interest for 3 months an the Dream Inc. bonds purchased on Oct. 1.31 Pirkberry Co. reported total earmings of $240,000. Equinox Products recorded its share of PinkberryCo. net income using the equity method.31The Saistice Corp. bonds have a fair value of S253,630 an December 31, 20Y5. Valuation Allawancefar Available-for Sale Investments had a balance of zero on January 1, 20Y5.Required:1. Journalize the selected transactions. Refer to the chart of accounts for the exact wording of the account tdes. CrOWjoumais ob not use inesfor journal explanations. Every ine on a joumai page is used for debit or creait entries. CNOWjoumais wi automaticaly indent a crealt entryWhen a crealt amount is entered

1. Journal 10 Date Description Post. Ref Debit Credit Jan 3 Cash 450000…

Selected transactions completed by Equinox Praducts Inc during the fiscal year ended December 31, 20Y5, were as follows Record on journal page 10 Jan. 3 Issued 15,000 shares of $20 par common stock at $30, receiving cash. Feb. 15 Issued 4,000 shares of S80 par preferred $1 stock at S100, receiving cash. May 1 Issued S500,000 of 10-year, 5% bonds at 104, with interest payatble semriarrually. 16 Decdared a quarterly dividend of S0.50 per share an comman stock and $1.00 per share an preferred stock. On the date of record, 100,000 shares of comman stock were autstanding, no treasury shares were held and 20,000 shares of preferred stack were autstanding Journaize mis transaction as two separate entries 26 Paid the cash dividends declared on May 16. 1 Purchased 4% bonds issued by Solstice Corp. as an available for saie imvestment for $300,150. 8 Purchased 8,000 shares of treasury common stock at $33 per share. Jun. 22 Purchased 40,000 shares of Pinkberry Co.s common stock directly fram the founders for $24 per share. Pinkberry has 125.000 shares issued and outstanding. 30 Deciared a S1.00 quarterty cash dividend per share on preferred stack On the date of record, 20,000 shares of preferred stock had been issued. Jul. 11 Paid the cash dividends to the preferred stackhoiders. Aug 27 Received $27,500 dividend from Pirkbery Ca investment in Jun. 22. Record on journal page 11 Oct. Purchased S90,00 af Dream Inc. 10-year, 5% bonds, directly from the issuing company, at their face amount plus accrued interest of S375. The bonds are a held tomaturity investment. 7 Said, at 538 per share, 2,600 shares of treasury common stock purchased on Jun. 8. 14 Received interest of $6.000 fram the Sdstice Carp. investrent on Jun. 1. 29 Said Solstice Carp. bands with a face value of S40,020 for S45,000, realizing a gain of S4,980. Recorded the payment of semianrual interest on the bonds issued on May 1and the amorization of 31 the premium for 6 manths. The amortization is determined using the straight-line method. 31 Accrued interest for 3 months an the Dream Inc. bonds purchased on Oct. 1. 31 Pirkbernry Ca. reported total eamrings of $240,000. Equinox Products recorded its share of Pinkberry Ca. net income using the equity method. Dec. 31 The Saistice Cap. bonds have a fair value of $253,630 an December 31, 20Y5. Valuation Allowance for Availatie for Sale Imvestments had a balance of zero on Jaruary 1, 20Y5. Required: 1. Joumalize the selected transactions Refer to the chart of accounts for the exact wording af tne account stes CNOWjounais ao not use lines for journal explanations. Every ine on a joumal page is used for oebit or creait entries CNOWjoumais w automaticaly indent a creat entry when a crealt amount is entered