?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:

Line Item Description Amount

Preferred $2\%$ ?Stock, $$50$ ?par $(50,000$ ?shares authorized, $25,000$ ?shares issued$)$ ?$$1,250,000$

Paid$-$In Capital in Excess of Par$$Preferred Stock $150,000$

Common Stock, $$10$ ?par $(700,000$ ?shares authorized, $300,000$ ?shares issued$)3,000,000$

Paid$-$In Capital in Excess of Par$$Common Stock $390,000$

Retained Earnings $10,155,000$

During the year, the corporation completed a number of transactions affecting the stockholders' equity. They are summarized as follows:

Purchased $42,000$ ?shares of treasury common for $$11$ ?per share.

Sold $21,000$ ?shares of treasury common for $$14$ ?per share.

Issued $13,000$ ?shares of preferred $2\%$ ?stock at $$68.$

Issued $70,000$ ?shares of common stock at $$13,$ ?receiving cash.

Sold $14,000$ ?shares of treasury common for $$9$ ?per share.

Declared cash dividends of $$1\mathrm{.}00$ ?per share on preferred stock and $$0\mathrm{.}06$ ?per share on common stock.

Paid the cash dividends.

Required:

Journalize the entries to record the transactions.

If an amount box does not require an entry, leave it blank.

TransactionAccountDebitCredit

a$.$ ?

b$.$ ?

c$.$ ?

Cash

$884,000$

Preferred Stock

$650,000$

Paid$-$In Capital in Excess of Par$-$Preferred Stock

$234,000$

d$.$ ?

Cash

$910,000$

Common Stock

$700,000$

Paid$-$In Capital in Excess of Par$-$Common Stock

$210,000$

e$.$ ?

Cash

$126,000$

Paid$-$In Capital from Sale of Treasury Stock

$28,000$

Treasury Stock

$154,000$

f$.$ ?

Cash Dividends

$43,000$

Cash Dividends Payable

$43,000$

g$.$ ?

Cash Dividends Payable

$43,000$

Cash

$43,000$

Check My Work$2$ ?more Check My Work uses remaining.