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

Preferred 2% Stock, $100 par (60,000 shares authorized, 30,000 shares issued)	$3,000,000
Paid-In Capital in Excess of ParPreferred Stock	600,000
Common Stock, $25 par (600,000 shares authorized, 220,000 shares issued)	5,500,000
Paid-In Capital in Excess of ParCommon Stock	720,000
Retained Earnings	20,818,000

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

1. Issued 60,000 shares of common stock at $28, receiving cash.
2. Issued 15,000 shares of preferred 2% stock at $120.
3. Purchased 36,000 shares of treasury common for $26 per share.
4. Sold 18,000 shares of treasury common for $29 per share.
5. Sold 12,000 shares of treasury common for $24 per share.
6. Declared cash dividends of $2.00 per share on preferred stock and $0.06 per share on common stock.
7. Paid the cash dividends.

Required:

Journalize the entries to record the transactions.

For a compound transaction, if an amount box does not require an entry, leave it blank.

a. Issued 60,000 shares of common stock at $28, receiving cash.

b. Issued 15,000 shares of preferred 2% stock at $120.

c. Purchased 36,000 shares of treasury common for $26 per share..

d. Sold 18,000 shares of treasury common for $29 per share.

e. Sold 12,000 shares of treasury common for $24 per share.

f. Declared cash dividends of $2 per share on preferred stock and $0.06 per share on common stock.

g. Paid the cash dividends.