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Selected Stock Transactions Diamonoback Welding & Fabrication Corporation selis and services plpe welding equipment in Iilinois, The foliowing selected accounts appear in the ledger of

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Selected Stock Transactions Diamonoback Welding \& Fabrication Corporation selis and services plpe welding equipment in Iilinois, The foliowing selected accounts appear in the ledger of Diamondback Welding a Fabrication at the beginning of the current year: During the yea, the corporation completed a number of transactions affecting the stockholders epuity. They are summarized as follows: a. Purchased 36,000 shares of tyeanury common for $22 per share b. Sold 18,000 shares of treawry common for $25 per sharn. c. Issued 20,000 thares of preferred 2% stock at $187. d. Issued 60,000 shares of common stock at $26, recelving cash. e. 5 old 12,000 shares of treasury common for $20 per share. t. Declared cash dividends of $3.50 per share on preferred stock and $0.06 per share on common stock: g. Paid the cash dividends. Journalize the entries to record the transactions. e it blank

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