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, $$150$ par $(70,000$ shares authorized, $35,000$ shares issued$)$

Paid$-$In Capital in Excess of Par$-$Preferred Stock

$$5,250,000$

Common Stock, $$10$ par $(800,000$ shares authorized, $220,000$ shares issued$)$

Paid$-$In Capital in Excess of Par$-$Common Stock

$630,000$

$2,200,000$

Retained Earnings

$290,000$

$17,744,000$

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

a$.$ Issued $80,000$ shares of common stock at $$14,$ receiving cash.

b$.$ Issued $18,000$ shares of preferred $2\%$ stock at $$162.$

c$.$ Purchased $48,000$ shares of treasury common for $$13$ per share.

d$.$ Sold $24,000$ shares of treasury common for $$16$ per share.

e$.$ Sold $16,000$ shares of treasury common for $$11$ per share.

f$.$ Declared cash dividends of $$3\mathrm{.}00$ per share on preferred stock and $$0\mathrm{.}10$ per share on common stock.

g$.$ Paid the cash dividends.

Required:

lournalize the entries to record the transactions. If an amount box does not require an entry, leave it blank.

a$.$ Issued $80,000$ shares of common stock at $$14,$ receiving cash. $$

$$

$$

$$

$$

$$

$$

b$.$ Issued $18,000$ shares of preferred $2\%$ stock at $$162.$

$$

$$