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, $175 par (70,000 shares authorized, 35,000 shares issued)	$6,125,000
Paid-In Capital in Excess of ParPreferred Stock	980,000
Common Stock, $25 par (800,000 shares authorized, 320,000 shares issued)	8,000,000
Paid-In Capital in Excess of ParCommon Stock	1,040,000
Retained Earnings	34,227,000

During the year, the corporation completed a number of transactions affecting the stockholders' equity. They are summarized as follows:

Purchased 48,000 shares of treasury common for $28 per share.

Sold 24,000 shares of treasury common for $31 per share.

Issued 18,000 shares of preferred 2% stock at $195.

Issued 80,000 shares of common stock at $29, receiving cash.

Sold 16,000 shares of treasury common for $26 per share.

Declared cash dividends of $3.50 per share on preferred stock and $0.06 per share on common stock.

Paid the cash dividends.

Required:

Journalize the entries to record the transactions.

If an amount box does not require an entry, leave it blank.

a.	CashCommon StockPaid-In Capital from Sale of Treasury StockRetained EarningsTreasury Stock	- Select -	- Select -
	CashCommon StockPaid-In Capital from Sale of Treasury StockRetained EarningsTreasury Stock	- Select -	- Select -
b.	CashCommon StockPaid-In Capital from Sale of Treasury StockRetained EarningsTreasury Stock	- Select -	- Select -
	CashCommon StockPaid-In Capital from Sale of Treasury StockRetained EarningsTreasury Stock	- Select -	- Select -
	CashCommon StockPaid-In Capital from Sale of Treasury StockRetained EarningsTreasury Stock	- Select -	- Select -
c.	CashCommon StockPaid-In Capital from Sale of Treasury StockRetained EarningsTreasury Stock	- Select -	- Select -
	CashCommon StockPaid-In Capital from Sale of Treasury StockRetained EarningsPreferred Stock	- Select -	- Select -
	CashCommon StockPaid-In Capital in Excess of Par-Preferred StockRetained EarningsTreasury Stock	- Select -	- Select -
d.	CashCommon StockPaid-In Capital from Sale of Treasury StockRetained EarningsTreasury Stock	- Select -	- Select -
	CashCommon StockPaid-In Capital from Sale of Treasury StockRetained EarningsTreasury Stock	- Select -	- Select -
	CashCommon StockPaid-In Capital in Excess of Par-Common StockRetained EarningsTreasury Stock	- Select -	- Select -
e.	CashCommon StockPaid-In Capital from Sale of Treasury StockRetained EarningsTreasury Stock	- Select -	- Select -
	CashCommon StockPaid-In Capital from Sale of Treasury StockRetained EarningsTreasury Stock	- Select -	- Select -
	CashCommon StockPaid-In Capital from Sale of Treasury StockRetained EarningsTreasury Stock	- Select -	- Select -
f.	CashCash Dividends PayableCash DividendsCommon StockTreasury Stock	- Select -	- Select -
	CashCash Dividends PayableCash DividendsCommon StockTreasury Stock	- Select -	- Select -
g.	CashCash Dividends PayableCash DividendsCommon StockTreasury Stock	- Select -	- Select -
	CashCash Dividends PayableCash DividendsCommon StockTreasury Stock	- Select -	- Select -