imes. The following selected course in the ledere landed Welding on the begin Selected to transactions Diamond Welding & Fabrication Corporation sells and services pipe welding part t the current year: Preferred 2 Stack, Oper (100,000 shares authored, 60,000 shares issued) Puid-In Capital in excess of Per-Preferred Stock Common Stock, 99 per (3,000,000 shares authorized, 1,750,000 shares issued) Pald-in Capital in Fress of Par-Common Stock Retained Earnings During the year, the corporation completed a number of transactions affecting the d .. Purchased 7.500 shares of treasury common for 8 per share b. Sod 55,000 whares of treasury common for $11 per share ud 20,000 shares of preferred 2 4 d. Issued 400,000 shares of common stock 813, relving cash - Sold 18,000 shares of treasury common for $7.50 per share 1. Declared cash dividends of $1.60 per share on preferred stock and $0.05 per share on g. Pad the cash dividends. Required: $4.800,000 210,000 15,750,000 1.400,000 52,140,000 y They are suvardas foi a Journaline the entries to record the transactions an amount bow does not require an entry leave it blank Show Me How Calculator Pald-In Capital from Sale of Treasury Stock | Cash Preferred Stock Pald-In Capital In Excess of Par-Pr a cash Common Stock Pald-In Capital In Excess of Parco (0 600 600 Cash Pald-In Capital from Sale of Treasury Stock 2000 000 000 000 Treasury Stock Cash Dividends Cash Dividends Payable Cash Dividends Payable Cash Fess (a) At what value should the treasury shares be recorded: at par or the price paid? (b) & (c) Are the treasury shares being resold at a value higher than or lower than the amount that the company paid for the shares? (C) & (d) At what value de common and preferred stock accounts have to be recorded? (1) On the date of declaration of a cash dividend, the corporation is legally obligated to pay that dividend. Keep in mind the previous stock transactions that have occurred; would these transactions have any effect on the amount of the cash dividend? (a) Wat will the stockholders receive from the company on this date? Previous Email Instructor Save and Exit Submit Anment for Grading