13-7:

please try to write the answer on the picture , so it will be easy for me to do not confuse.

The following selected accounts appear in the ledger of Upscale Construction Inc. at the beginning of the current year: Journalize the entries to record the transactions. Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered. During the year, the corporation completed a number of transactions affecting the stockholders' equity. They are summarized as follows: Jan.Feb.Mar.MayAug.Dec.5101916256Issued220,000sharesofcommonstockat$15,receivingcash.Issued6,000sharesofpreferred2%stockat$94.Purchased130,000sharesoftreasurycommonfor$19pershare.Sold70,000sharesoftreasurycommonfor$23pershare.Sold40,000sharesoftreasurycommonfor$17pershare.Declaredcashdividendsof$1.60pershareonpreferredstockand$0.14pershareoncommonstock Jan. 5 Issued 220,000 shares of common stock at $15, receiving cash. Feb. 10 Issued 6,000 shares of preferred 2% stock at $94. Mar. 19 Purchased 130,000 shares of treasury common for $19 per share. May 16 Sold 70,000 shares of treasury common for $23 per share. Aug. 25 Sold 40,000 shares of treasury common for $17 per share. Dec. 6 Declared cash dividends of $1.60 per share on preferred stock and \$0.14 per share on common stock. 31 Paid the cash dividends. Required: Journalize the entries to record the transactions. Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered