a. Issued 80,000 shares of common stock at $26, receiving cash. roreck wy Wars. a. What is the company receiving for issuing the shares? At what value do the common and preferred stack accounts have to be recorded? b. twwed 15,000 shares of preferred 246 stock at $138, D. What in the compary receiving for iasuing the shares? At what whie do the common and preterred stod accounts have te be fecorded? c. Purchased 48.000 shares of treatury common for 123 per shere. c. Purchased 48,000 shares of treasury commen for $23 per share.. Fredoace rorece wi work c. The repurchase price of treasury stock becomes the new base value recorded as o debit to Treasury Stock and a crebt to Cash. d. Sold 24,000 shares of treasury common for $26 per share. e. Sold 16,000 shares of tressury comman for 121 per share. The following selected accounts appear in the ledger of Parks Construction Inc at the beginning of the current year: Dunng the year, the corporation completed a number of transactions affecting the stockhiolders' equity. They are summarized as follows: a. Issued 80,000 shares of common stock at $26, receiving cash. b. Issued 15,000 shares of preferred 2% stock at $138. c. Purchased 48,000 shares of treasury common for $23 per share. d. Sold 24,000 shares of treasury common for $26 per share. e. 5 old 16,000 shares of treasury common for $21 per share: f. Declared cash dividends of $2.50 per share on preferred stock and $0.10 per share on common stock. 9. Raid the cash dividends. T Check My Won. 1. On the date of declaration of a cash dividend, the corporation is legaliy obligated to pary that dividend. Keep in mind the previous stock trans. these transactions have any affect on the amount of the cash dividend? Paid the cash divioends. roveci wy wor 9. What will the stockhelders receive from the company on this date? e. Sold 16,000 shares of treasury common for $21 per share. Foodtiack r Check Mr wod c. What is the company selling? Pay attention to the price these shares are being soid for and the price originally paid to reacquire these shares. f. Declared cash dividends of $2.5 per share on preferred stock and $0.1 per share on common stock. Toneco my work f. On the date of deciaration of a cash dividend, the corporation is legaily obligated to pay that dividend, Keep in mind the previous stock transactions these transactions have any affect on the amount of the cash dividend