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

Preferred 1% Stock, $50 par (100,000 shares authorized, 75,100 shares issued)	$3,755,000
Paid-In Capital in Excess of ParPreferred Stock	165,220
Common Stock, $3 par (5,000,000 shares authorized, 2,020,000 shares issued)	5,070,000
Paid-In Capital in Excess of ParCommon Stock	1,014,000
Retained Earnings	30,836,000

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

Jan.	5	Issued 454,700 shares of common stock at $8, receiving cash.
Feb	10	Issued 11,800 shares of preferred 1% stock at $61.
Mar	19	Purchased 46,500 shares of treasury common for $8 per share.
May	16	Sold 20,700 shares of treasury common for $10 per share.
Aug.	25	Sold 5,700 shares of treasury common for $7 per share.
Dec.	6	Declared cash dividends of $0.50 per share on preferred stock and $0.10 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.

JOURNAL

	DATE	DESCRIPTION	POST. REF.	DEBIT	CREDIT
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