1. 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, $125 par (90,000 shares authorized, 45,000 shares issued)	$5,625,000
   Paid-In Capital in Excess of ParPreferred Stock	675,000
   Common Stock, $10 par (800,000 shares authorized, 200,000 shares issued)	2,000,000
   Paid-In Capital in Excess of ParCommon Stock	260,000
   Retained Earnings	18,147,000

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

   1. Purchased 48,000 shares of treasury common for $11 per share.
   2. Sold 24,000 shares of treasury common for $14 per share.
   3. Issued 23,000 shares of preferred 2% stock at $137.
   4. Issued 80,000 shares of common stock at $14, receiving cash.
   5. Sold 16,000 shares of treasury common for $9 per share.
   6. Declared cash dividends of $2.50 per share on preferred stock and $0.04 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.
   b.
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   d.
   e.
   f.
   g.