Instructions The following selected accounts appear in the ledger of Parks Construction Inc, at the beginning of the current year. $3,755,000 165,220 Preferred 1% Stock $50 par (100,000 shares authorized 75,100 shares issued) Palt-In Capital in Excess of Par-Preferred Stock Common Stock, 53 par (5,000,000 shares authorized 1,690,000 shares issued) Paid-In Captat in Excess of Par-Common Stock Retained Earnings 5,070,000 1,014,000 30,836,000 During the year, the corporation completed a number of transactions affecting the stockholders.qui They are summarized as follows 3 Issued 454,700 shares of common stock at $8, receiving cash bulssued 11,800 shares of preferred 1% stock at $61 c Purchased 46,500 shares of treasury comakon for s8 per share o Sold 20 700 shares of treasury common for 510 per share e. Soid 5.700 shares of treasury common for 57 per share Dedared cash dividende of 50.50 per share on preferred stock and 50.10 per share on common stock Q Paid the cash dividends JOURNAL Score: 2107224 CREDIT ASSETS LIABILITIES DEBIT EQUITY POST. REF. DATE DESCRIPTION 3.637.600.00 1 1 Dec. 31 Cash 1.364.100.00 1 Common Stock 2.273.500.00 3 Paid in Capital in Excess of Par Common Stock 719.800.00 1 4 Dec 31 Cash 590.000,00 Preferred Stock 129,800.00 Paid In Capital in Excess of Par-Preferred Stock 372,000.00 Dec 31 Treasury Stock 372.000.00 + 207.000.00 1 Cash Dec. 31 Cash Treasury Stock Pald-in Capital from Sale of Treasury Stock 165,600.00 41.400.00 11 Intan Chart of Accounts Journal Journal Shaded cells have feedback OU 14 45.600.00 11 ad caps from Sale areasury Stock Treasury Stock Dec 31 Cash Dividends Cath Dividends Payable Dec. 31. Cash Dividends Payable Cach 257.920.00 1 257920.00 257.920.00 11 4 257.920.00 Points