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: Preferred 2% Stock, $80 par (100,000 shares authorized, 60,000 shares issued) $5,200,000. Paid-In Capital in Excess of ParPreferred Stock 230,000 Common Stock, $5 par (6,000,000 shares authorized, 3,150,000 shares issued) 15,250,000 Paid-In Capital in Excess of ParCommon Stock 1,400,000 Retained Earnings 52,480,000

During the year, the corporation completed a number of transactions affecting the stockholders equity. Journalize each of the following transactions and identify each entry by letter:

A. Purchased 87,500 shares of treasury common for $9 per share.

B. Sold 55,000 shares of treasury common for $10 per share.

C. Issued 20,000 shares of preferred 3% stock at $84.

D. Issued 400,000 shares of common stock at $12, receiving cash.

E. Sold 18,000 shares of treasury common for $7.75 per share.

F. Declared cash dividends of $1.50 per share on preferred stock and $0.04 per share on common stock.

G. Paid the cash dividends.