Selected Stock Transactions

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

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

a$.$ Issued $60,000$ shares of common stock at $$19,$ receiving cash.

b$.$ Issued $20,000$ shares of preferred $2\%$ stock at $$189.$

c$.$ Purchased $36,000$ shares of treasury common for $$20$ per share.

d$.$ Sold $18,000$ shares of treasury common for $$23$ per share.

e$.$ Sold $12,000$ shares of treasury common for $$18$ per share.

f$.$ Declared cash dividends of $$3\mathrm{.}50$ per share on preferred stock and $$0\mathrm{.}06$ per share on common stock.

g$.$ 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 $60,000$ shares of common stock at $$19,$ receiving cash.

b$.$ Issued $20,000$ shares of preferred $2\%$ stock at $$189.$ c$.$ Purchased $36,000$ shares of treasury common for $$20$ per share.

d$.$ Sold $18,000$ shares of treasury common for $$23$ per share.

e$.$ Sold $12,000$ shares of treasury common for $$18$ per share.

f$.$ Declared cash dividends of $$3\mathrm{.}50$ per share on preferred stock and $$0\mathrm{.}06$ per share on common stock.

g$.$ Paid the cash dividends.