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, $200 par (60,000 shares authorized, 30,000 shares issued)	$6,000,000
Paid-In Capital in Excess of ParPreferred Stock	720,000
Common Stock, $20 par (500,000 shares authorized, 210,000 shares issued)	4,200,000
Paid-In Capital in Excess of ParCommon Stock	550,000
Retained Earnings	24,316,000

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

1. Purchased 30,000 shares of treasury common for $25 per share.
2. Sold 15,000 shares of treasury common for $28 per share.
3. Issued 15,000 shares of preferred 2% stock at $219.
4. Issued 50,000 shares of common stock at $25, receiving cash.
5. Sold 10,000 shares of treasury common for $23 per share.
6. Declared cash dividends of $4.00 per share on preferred stock and $0.08 per share on common stock.
7. 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.	Treasury Stock
	Cash
b.	Cash
	Treasury Stock
	Paid-In Capital from Sale of Treasury Stock
c.	Cash
	Preferred Stock
	Paid-In Capital in Excess of Par-Preferred Stock
d.	Cash
	Common Stock
	Paid-In Capital in Excess of Par-Common Stock
e.	Cash
	Paid-In Capital from Sale of Treasury Stock
	Treasury Stock
f.	Cash Dividends
	Cash Dividends Payable
g.	Cash Dividends Payable
	Cash