stock transactions

The following selected accounts appear in the ledger of Parks Construction Inc. at the beginning of the current fiscal year: $3,970,000 Preferred 1% Stock, $50 par (100,000 shares authorized, 79,400 shares issued) 150,860 Paid-In Capital in Excess of Par-Preferred Stock 6,300,000 Common Stock, $3 par (5,000,000 shares authorized, 2,100,000 shares issued) 1,260,000 Paid In Capital in Excess of Par-Common Stock 33,959,000 Retained Earnings During the year, the corporation completed a number of transactions affecting the stockholders' equity. They are summarized as follows Jan 5 Issued 518,800 shares of common stock at $7 receiving cash Feb 10 Issued 9,800 shares of preferred 1% stock at $61 Mar 19 Purchased 48,300 shares of treasury stock for $7 per share. May 16 Sold 19,500 shares of treasury stock for $9 per share. Aug 25 Sold 5,000 shares of treasury stock for $6 per share. Dec. 6 Declared cash dividends of $0.50 per share on preferred stock and $0.08 per share on common stock 31 Paid the cash dividends. Journalize the entries to record the transactions. Refer to the Chart of Accounts for exact wording of account titles