Selected stock transactions Instructions Chart of Accounts Journal Instructions The following selected accounts appear in the ledger of Parks Construction Inc. at the beginning of the current year $4,105,000 184,580 Preferred 1% Stock, $50 par (100.000 shares authorized 83.900 shares issued) Paid-In Capital in Excess of Par-Preferred Stock Common Stock 53 par (5,000,000 shares authorized, 2.120,000 shares issued) Paid-In Capital in Excess of Par-Common Stock Retained Earnings 6,360,000 1,590,000 31,692,000 During the year, the corporation completed a number of transactions affecting the stockholders equity. They are summarized as follows. a. Issued 407 700 shares common stock at 50 receiving cash b. Issued 10.700 shares of preferred 1 stock at $62 . Purchased 53,000 shares of treasury common for 58 per share d. Sold 20,000 shares of reasury common for 58 per share e Sold 6.200 shares of treasury common for $5 per share Declared ash dividends of 50.50 per share on preferred stock and 50 10 per share on common stock e Pad the cash dividends Journalize the antes to record the transactions Refer to the Chart of Accounts for exact wording of account bites Check My Work do?invoker=&takeAssignmentSessionLocator=8inprogress=false eBook Show Me How Selected stock transactions Instructions Chart of Accounts Journal Instructions Journal TH Joumalize the entries to record the transactions on December 31 Refer to the Chart of Accounts for exact wording of accounts JOURNAL v DATE STOR ACCOUNTING EQUATION ASES Les coumi Post HT GROOT 1 D 1 Cuck My Work Alto