1. Part 1: Cash

Common Stock

Paid- In Capital From sale of Treasury Stock

Retained Earnings

Treasury Stock

Part 2: Cash

Common Stock

Paid- In Capital From sale of Treasury Stock

Retained Earnings

Treasury Stock

2. Part 1: Cash

Common Stock

Paid- In Capital From sale of Treasury Stock

Retained Earnings

Treasury Stock

Part 2: Cash

Common Stock

Paid- In Capital From sale of Treasury Stock

Retained Earnings

Treasury Stock

Part 3: Cash

Common Stock

Paid- In Capital From sale of Treasury Stock

Retained Earnings

Treasury Stock

3. Part 1: Cash

Common Stock

Paid- In Capital From sale of Treasury Stock

Retained Earnings

Treasury Stock

Part 2: Cash

Common Stock

Paid- In Capital From sale of Treasury Stock

Retained Earnings

Preferred Stock

Part 3: Cash

Common Stock

Paid- In Capital from Excess of Par-Preferred Stock

Retained Earnings

Treasury Stock

4. Part 1: Cash

Common Stock

Paid- In Capital From sale of Treasury Stock

Retained Earnings

Treasury Stock

Part 2: Cash

Common Stock

Paid- In Capital From sale of Treasury Stock

Retained Earnings

Treasury Stock

Part 3: Cash

Common Stock

Paid- In Capital from Excess of Par-Preferred Stock

Retained Earnings

Treasury Stock

5. Part 1: Cash

Common Stock

Paid- In Capital From sale of Treasury Stock

Retained Earnings

Treasury Stock

Part 2: Cash

Common Stock

Paid- In Capital From sale of Treasury Stock

Retained Earnings

Treasury Stock

Part 3: Cash

Common Stock

Paid- In Capital From sale of Treasury Stock

Retained Earnings

Treasury Stock

6. Part 1: Cash

Cash Dividends Payable

Cash Dividends

Common Stock

Treasury Stock

Part 2: Cash

Cash Dividends Payable

Cash Dividends

Common Stock

Treasury Stock

7. Part 1: Cash

Cash Dividends Payable

Cash Dividends

Common Stock

Treasury Stock

Part 2: Cash

Cash Dividends Payable

Cash Dividends

Common Stock

Treasury Stock

Required: Journalize the entries to record the transactions. If an amount box does not require an entry, leave it blank. b. c. d. III III 100 e. f. g. Selected Stock Transactions 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) $4,800,000 Paid-In Capital in Excess of Par-Preferred Stock 210,000 Common Stock, 59 par (3,000,000 shares authorized, 1,750,000 shares issued) 15,750,000 Paid-In Capital in Excess of Par-Common Stock 1,400,000 Retained Earnings 52,840,000 During the year, the corporation completed a number of transactions affecting the stockholders' equity. They are summarized as follows: a. Purchased 87,500 shares of treasury common for $8 per share. b. Sold 55,000 shares of treasury common for $11 per share. c. Issued 20,000 shares of preferred 2% stock at $84. d. Issued 400,000 shares of common stock at $13, receiving cash. e. Sold 18,000 shares of treasury common for $7.50 per share. f. Declared cash dividends of $1.60 per share on preferred stock and $0.05 per share on common stock. g. Paid the cash dividends. Required: Journalize the entries to record the transactions. If an amount box does not require an entry, leave it blank