| Course Modules: Integrative Sen X CengageNOWv2 | Online teachin X + X C https://v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false . .. M5 CNOW Homework eBook Show Me How Print Item Selected Stock Transactions ? 1. PR. 12.01B.ALGO Diamondback Welding & Fabrication Corporation sells and services pipe welding equipment in Illinois. The following selected accounts appear in the ledger of Diamondback Welding & Fabrication at the beginning of the current year: 2. PR. 12.02B.ALGO Preferred 2% Stock, $175 par (90,000 shares authorized, 45,000 shares issued) $7,875,000 3. PR. 12.03B ALGO Paid-In Capital in Excess of Par-Preferred Stock 1,260,000 Common Stock, $15 par (500,000 shares authorized, 210,000 shares issued) 3,150,000 4. PR. 12.04B.ALGO Paid-In Capital in Excess of Par-Common Stock 410,000 Retained Earnings 26,913,000 During the year, the corporation completed a number of transactions affecting the stockholders' equity. They are summarized as follows: a. Purchased 30,000 shares of treasury common for $17 per share + b. Sold 15,000 shares of treasury common for $20 per share. c. Issued 23,000 shares of preferred 2% stock at $187. d. Issued 50,000 shares of common stock at $19, receiving cash. . Sold 10,000 shares of treasury common for $15 per share. f. Declared cash dividends of $3.50 per share on preferred stock and $0.04 per share on common stock. 9. Paid the cash dividends. Required: Journalize the entries to record the transactions. If an amount box does not require an entry, leave it blank. a. Treasury Stock 510,000 Cash 510,000 b. Cash - 300.000 Paid-In Capital from Sale of Treasury Stock Treasury Stock c. Cash Preferred Stock Paid-In Capital in Excess of Par-Preferred Stock d. Cash Common Stock Paid-In Capital in Excess of Par-Common Stock e. Cash Progress: 3/4 items Check My Work 3 more Check My Work uses remaining Active( Previouslows Next> Assignment Score: 25% All work saved. Save and Exit Submit Assignment for Grading Type here to search O 3:26 AM 64'F Cloudy ~ 93 (1 6/14/2022 724|Course Modules: Integrative Sen X CengageNOWv2 | Online teachin x + X C https://v2.cengagenow.com/ilmn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false . .. M5 CNOW Homework eBook Show Me How Print Item During the year, the corporation completed a number of transactions affecting the stockholders' equity. They are summarized as follows: ? 1. PR. 12.01B.ALGO a. Purchased 30,000 shares of treasury common for $17 per share. b. Sold 15,000 shares of treasury common for $20 per share. 2. PR. 12.02B.ALGO c. Issued 23,000 shares of preferred 2% stock at $187. 1. Issued 50,000 shares of common stock at $19, receiving cash. 3. PR. 12.03B ALGO . Sold 10,000 shares of treasury common for $15 per share. . Declared cash dividends of $3.50 per share on preferred stock and $0.04 per share on common stock. 4. PR. 12.04B.ALGO J. Paid the cash dividends. Required: Journalize the entries to record the transactions. If an amount box does not require an entry, leave it blank. + a. Treasury Stock 510,000 Cash 510,000 . Cash 300,000 Paid-In Capital from Sale of Treasury Stock Treasury Stock c. C Preferred Stock Paid-In Capital in Excess of Par-Preferred Stock d. Cash Common Stock Paid-In Capital in Excess of Par-Common Stock . Cash Paid-In Capital from Sale of Treasury Stock Treasury Stock f . Progress: 3/4 items Check My Work 3 more Check My Work uses remaining Active Assignment Score: 25% All work saved. Save and Exit Submit Assignment for Grading Type here to search O 3:27 AM 64.F Cloudy ~ 9: (1 6/14/2022 724