PR 12-3B Selected stock transactions Diamondback Welding & Fabrication Corporation sells and services in Illinois. The following selected accounts appear in the ledger of Diamondback Welding & Fabrication at the beginning of the current year: Obj. 2, 3, 5 pipe welding equipment Preferred 2% Stock, $80 par (100,000 shares authorized, 60,000 shares issued) Paid-In Capital in Excess of Par-Preferred Stock... Common Stock, $5 par (6,000,000 shares authorized, 3,150,000 shares issued) .....15,750,000 Paid-In Capital in Excess of Par-Common Stock 210,000 1,400,000 52,840,000 During the year, the corporation completed a number of transactions affecting the stock- holders' 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 $0.03 per share on common stock. G. Paid the cash dividends. Instructions Journalize the entries to record the transactions. Identify each entry by letter