Chapter 13 corporations Organization, Sock ensactions and Dividends PR 13-3A selected stock The ransactions ning followinR selected accounts appear in the ledger of El Construction Inc. air the begin- of the current fiscal Stock sso par (00000 shares authorized 80,000 shares issued Paid In Capita inDeces of Par Prefered Common stock, $3 par (5.0ooooo shares authorized 2,000,000 sha Paid-In Capital in Excess of Par common stock. Retained Earnings During the year, the corporation completed a number of transacokns affecting the stockholders' equity. They are summarized as common stock at receiving a, Issued 500,000 erred 1% a b, Issued 10,000 shares of pre c Purchased 50,000 shares of sun common for s7 per aare. d. sold 20,000 shares of treasury common far s9 per sture. e, Sold 5.000 shares of treasury oommon for per share. so os per share f Declared cash dividends of $0.50 per N ure on preferred stock and g. Paid the cash dividends. prinsactiins Jdentity each entry by kiter