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Stock Transactions The following selected accounts appear in the ledger of Paris Construction Inc. at the beginning of the current year Preferred 2% Stock. $200

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Stock Transactions The following selected accounts appear in the ledger of Paris Construction Inc. at the beginning of the current year Preferred 2% Stock. $200 pr (40,000 shares authorized 20,000 shares sund) $4.000.000 Pardin Capital in Excess of Par-Preferred Stock 300,000 Common Stock, $10 par (600,000 shares authorie, 290,000 shares issued) 2.900.000 Pald-in Capital in Excess of Par-Common Stock 300,000 Retained Earnings 17.130,000 During the year, the corporation completed a number of transactions affecting the sto r iquity They are summa tud 60.000 shares of common stock at $17, receiving cash b. Issued 10.000 shares of preferred 2 stock at $220. Parched 36.000 shares of treasury common for $15 per share d. Bol 1.000hares of trury come for $10 per share Sold 12.000 shares of treasury common for $13 per share 4. Declared cash dividends of $4.00 per share on prend stock and $0.06 p hare on comen steek 9. Paid the cash dividends Journalize the entries to record the transactions For compound transaction is an amount box does not require an entry leave it blank Required a. Issued 60.000 shares of common stock at $17, recalving cash - h ud 10.000 shares of preferred 2 skat 20 ch .000 shares of treasury common for $15 1000 of 1. Declared cash dividends of 54.00 per share on proferred stuck dos person 9. Paid the cash dividende

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