Selected Stock Transactions The following selected accounts appear in the ledger of Upscale Construction Inc at the beginning of the current year Preferred 2 Stock, $100 par (80,000 shares authorized, 40,000 shares issued) $4,000,000 Paid In Capital in Excess of ParPreferred Stock 480,000 Common Stock, $15 par (500,000 shares authorized, 320,000 shares issued) 4,800,000 Paid In Capital in Excess of ParCommon Stock 620,000 Retained Earnings 20,988,000 During the year, the corporation completed a number of transactions affecting the stockholders' equity They are summarized as follows Issued 50,000 shares of common stock at $19, receiving cash Issued 20,000 shares of preferred 2 stock at $117 Purchased 30,000 shares of treasury common for $17 per share Sold 15,000 shares of treasury common for $20 per share Sold 10,000 shares of treasury common for $15 per share Declared cash dividends of $2 00 per share on preferred stock and $0 06 per share on common stock 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 Issued 50,000 shares of common stock at $19, receiving cash fill in the blank d26b41088072021 2 fill in the blank d26b41088072021 3 fill in the blank d26b41088072021 5 fill in the blank d26b41088072021 6 fill in the blank d26b41088072021 8 fill in the blank d26b41088072021 9 b Issued 20,000 shares of preferred 2 stock at $117 fill in the blank eed7f7f6a07c01b 2 fill in the blank eed7f7f6a07c01b 3 fill in the blank eed7f7f6a07c01b 5 fill in the blank eed7f7f6a07c01b 6 fill in the blank eed7f7f6a07c01b 8 fill in the blank eed7f7f6a07c01b 9 c Purchased 30,000 shares of treasury common for $17 per share fill in the blank 9755a8fcefdfff1 2 fill in the blank 9755a8fcefdfff1 3 fill in the blank 9755a8fcefdfff1 5 fill in the blank 9755a8fcefdfff1 6 d Sold 15,000 shares of treasury common for $20 per share fill in the blank 9a8809ff6053fd1 2 fill in the blank 9a8809ff6053fd1 3 fill in the blank 9a8809ff6053fd1 5 fill in the blank 9a8809ff6053fd1 6 fill in the blank 9a8809ff6053fd1 8 fill in the blank 9a8809ff6053fd1 9 e Sold 10,000 shares of treasury common for $15 per share fill in the blank ecd5e2f8dfbe000 2 fill in the blank ecd5e2f8dfbe000 3 fill in the blank ecd5e2f8dfbe000 5 fill in the blank ecd5e2f8dfbe000 6 fill in the blank ecd5e2f8dfbe000 8 fill in the blank ecd5e2f8dfbe000 9 f Declared cash dividends of $2 00 per share on preferred stock and $0 06 per share on common stock fill in the blank ec5040f2b024fc5 2 fill in the blank ec5040f2b024fc5 3 fill in the blank ec5040f2b024fc5 5 fill in the blank ec5040f2b024fc5 6 g Paid the cash dividends fill in the blank 6a5ec9038014fd8 2 fill in the blank 6a5ec9038014fd8 3 fill in the blank 6a5ec9038014fd8 5 fill in the blank 6a5ec9038014fd8 6

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Selected Stock Transactions

The following selected accounts appear in the ledger of Upscale Construction Inc. at the beginning of the current year:

Preferred 2% Stock, $100 par (80,000 shares authorized, 40,000 shares issued)	$4,000,000
Paid-In Capital in Excess of ParPreferred Stock	480,000
Common Stock, $15 par (500,000 shares authorized, 320,000 shares issued)	4,800,000
Paid-In Capital in Excess of ParCommon Stock	620,000
Retained Earnings	20,988,000

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

Issued 50,000 shares of common stock at $19, receiving cash.
Issued 20,000 shares of preferred 2% stock at $117.
Purchased 30,000 shares of treasury common for $17 per share.
Sold 15,000 shares of treasury common for $20 per share.
Sold 10,000 shares of treasury common for $15 per share.
Declared cash dividends of $2.00 per share on preferred stock and $0.06 per share on common stock.
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. Issued 50,000 shares of common stock at $19, receiving cash.

b. Issued 20,000 shares of preferred 2% stock at $117.

c. Purchased 30,000 shares of treasury common for $17 per share.

		fill in the blank 9755a8fcefdfff1_2	fill in the blank 9755a8fcefdfff1_3
		fill in the blank 9755a8fcefdfff1_5	fill in the blank 9755a8fcefdfff1_6

d. Sold 15,000 shares of treasury common for $20 per share.

e. Sold 10,000 shares of treasury common for $15 per share.