Background:Random Manufacturing Co. completed the transactions related to stockholders' equity listed in the transactions below.

What is asked of me: Journalize the transactions in a General Journal

It seems to me the first entry would be dated 1/1/2018. I feel that I would debit the "Cash" account $108,150 and credit the "Preferred Stock - $103 Par Value" account for the same amount of $108,150

1050 shares * $103 par value = 108150. Do I need to enter a Paid-In Capital in Excess of Par - Preferred entry? I don't think that I do, namely because the the two amounts are identical. I simply need help with some of the calculations and entries beginning with the above question.

Accounts List Cash Accounts Receivable Notes Receivable Land Building Accounts Payable Salaries Payable Dividends Payable - Preferred Dividends Payable - Common Preferred Stock - $103 Par Value Paid-In Capital in Excess of Par - Preferred Paid-In Capital in Excess of Par - Common Common Stock - $2 Par Value Paid-In Capital from Treasury Stock Transactions Common Stock Dividend Distributable Retained Earnings Treasury Stock Cash Dividends Stock Dividends Sales Revenue Cost of Goods Sold Salaries Expense Supplies ExpenseDate Transactions 1/1/2018 Issued 1050 shares of 6%, $103 par value, non-cumulative preferred stock at par. 1/3/2018 Issued 100000 shares of $2 par value common stock for $15 per share. 1/16/2018 Declared the cash dividend on the preferred stock (Issued on January 1) and $0.2 per share dividend on the common stock (issued on January 3). The date of record is January 31 and the date of payment is February 15. 2/15/2018 Paid the cash dividends. 7/30/2018 Declared a 30% stock dividend on the common stock. The market value on the common stock was $18 per share. 8/15/2018 Distributed the stock dividend. 10/26/2018 Purchase 1000 shares of treasury stock at $8 per share. 11/8/2018 Sold 500 shares of treasury stock for $10 per share. 11/30/2018 Sold 300 shares of treasury stock for $4 per share