Mohawk Company had the following transactions related to its common and preferred stock:
March 22 ........... Sold 180,000 shares of $1 par common stock for $33 per share.
....................... Sold 1,500 shares of $5 par preferred stock at $11 per share.
November 9 ....... Repurchased 25,000 shares of the common stock at $35 per share.
Required:
Prepare the journal entries for these transactions?