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Diamondback Welding & Fabrication Corporation sells and services pipe welding equipment in Illinois. The following selected accounts appear in the ledger of Diamondback Welding &

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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: During the year, the corporation completed a number of transactions affecting the stockholders' equity. They are summarized as follows: a. Purchased 48,000 shares of treasury common for $16 per share. b. Sold 24,000 shares of treasury common for $19 per share. c. Issued 20,000 shares of preferred 2% stock at $144. d. Issued 80,000 shares of common stock at $20, receiving cash. e. Sold 16,000 shares of treasury common for $14 per share. f. Declared cash dividends of $2.50 per share on preferred stock and $0.08 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. b. c. d. d. e. f. g

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