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: Line Item Description Amount Preferred 2% Stock, $200 par (40,000 shares authorized, 20,000 shares issued) $4,000,000 Paid-In Capital in Excess of ParPreferred Stock 640,000 Common Stock, $20 par (500,000 shares authorized, 220,000 shares issued) 4,400,000 Paid-In Capital in Excess of ParCommon Stock 570,000 Retained Earnings 20,373,000 During the year, the corporation completed a number of transactions affecting the stockholders' equity. They are summarized as follows: Purchased 30,000 shares of treasury common for $23 per share.

1. Sold 15,000 shares of treasury common for $26 per share.
2. Issued 10,000 shares of preferred 2% stock at $216.
3. Issued 50,000 shares of common stock at $27, receiving cash.
4. Sold 10,000 shares of treasury common for $21 per share.
5. Declared cash dividends of $4.00 per share on preferred stock and $0.10 per share on common stock.
6. Paid the cash dividends.

Required:

Journalize the entries to record the transactions.

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