Selected Stock Transactions

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

Preferred 2% Stock, $75 par (30,000 shares authorized, 15,000 shares issued)	$1,125,000
Paid-In Capital in Excess of ParPreferred Stock	135,000
Common Stock, $10 par (500,000 shares authorized, 190,000 shares issued)	1,900,000
Paid-In Capital in Excess of ParCommon Stock	250,000
Retained Earnings	7,229,000

Selected Stock Transactions The following selected accounts appear in the ledger of Parks Construction Inc. at the beginning of the current year: Preferred 290 Stock, $75 par (30,000 shares authorized, 15,000 shares issued) Paid-In Capital in Excess of Par-Preferred Stock Common Stock, $10 par (500,000 shares authorized, 190,000 shares issued) Paid-In Capital in Excess of Par-Common Stock Retained Earnings $1,125,000 135,000 1,900,000 250,000 7,229,000 During the year, the corporation completed a number of transactions affecting the stockholders' equity. They are summarized as follows: a. Issued 50,000 shares of common stock at $16, receiving cash. b. Issued 8,000 shares of preferred 2% stock at $92. c. Purchased 30,000 shares of treasury common for $13 per share d. Sold 15,000 shares of treasury common for $16 per share. e. Sold 10,000 shares of treasury common for $11 per share f. Declared cash dividends of $1.50 per share on preferred stock and $0.10 per share on common stock. g. Paid the cash dividends. Journalize the entries to record the transactions For a compound transaction, if an amount box does not require an entry, leave it blank