eBook Show Me How Selected stock transactions Instructions Chart of Accounts Journal Instructions The following selected accounts appear in the ledger of Parks Construction Inc. at the beginning of the current year. 34,195,000 184,580 Preferred 1% Stock $50 par (100,000 shares authorized, 83,900 shares issued) Paid-In Capital in Excess of Far-Preferred Stock Stock 53 par (5,000,000 shares authorized. 2.120,000 shares issued) Paid-in Capital in Excess of ParCommon Stock Retained Earnings 6.360,000 1,500,000 31,692,000 During the year the corporation completed a number of transactions affecting the stockholders' sguity. They are summarized as follows. a. Issued 487.700 shares of common stock at s receiving cash. b Issued 10.700 shares of preferred 15 stock at $62. e Purchased 53.000 shares of treasury common for 88 per share. d Sold 20,000 shares of treasury common for 58 per share e Sold 5.200 shares of treasury common for 55 per share 1 Declared cash dividends of S0.50 per share on preferred stock and 50.10 per share on common stock g Paid the cash dividends Journalize the entries to record the transactions Refer to the Chart of Accounts forect wording of account bles storbe Ched: My Work Selected Octans Instructions Chart of Accounts Journal Instructions Journal Shaded cells have for Joumalize the entries to record the transactions on December 31 Refer to the Chart of Accounts for exact wording of account titles How does.sreding work? PAGE 1 JOURNAL Score: 202/224 ACCOUNTING EQUATION DOC DESCRIPTION POST. PET. CREDIT ASSETS DI LAUTIES EQUIT DEBIT 4209,300.00 1 Dec 31 Cash 2 Common Stock 1,405,100.00 2,806,200.00 5 Paid-in Capital in Excess of Par-Common Stock Dec 31 Cash 4 663,400.00 Preferred Stock 535,000.00 128,400.00 1 Pald-in Capital in Excess of Par Preferred Stock Dec 31 Treasury Stock Cash 318,000.00 1 318,000.00 . Dec 31 Cash 160,000.00 Jo 30 120,000.00 Treasury Stock Paid-in Capital from Sale of Treasury Stock Dec 31 Cash 10,000.00 13 26,000.00 Check My Work All work saved Show Me How stock transactions uction Chart of Accounts Journal tions urnal Shaded cells como SY Paid-in Capital in Excess of Par-Common Stock 2,806,200.00 Dec 51 Cash 663,400.00 Preferred Stock Paid-In Capital in Excess of Par-Preferred Stock Dec 31 Treasury Stock 535,000.00 128,400.00 318,000.00 Cash 318,000.00 Dec. 51 Cash 160,000.00 - Treasury Stock Paid-in Capital from Sale of Treasury Stock 120,000.00 40,000.00 Dec. 51 Cash 26,000.00 5,200.00 51,200.00 Paid-in Capital from Sale of Treasury Stock Treasury Stock Dec 31 Cash Dividends Payable Cash Dividends 303,290.00 47,300.00 Dec 31 Stock Dividends Distributable 47,300.00 Stock Dividends 303,290.00 Fork All work saved