The following selected accounts appear in the ledger of Parks Construction Inc. at the beginning of the current 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, 1,690,000 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:

a.	Issued 454,700 shares of common stock at $8, receiving cash.
b.	Issued 11,800 shares of preferred 1% stock at $61.
c.	Purchased 46,500 shares of treasury common for $8 per share.
d.	Sold 20,700 shares of treasury common for $10 per share.
e.	Sold 5,700 shares of treasury common for $7 per share.
f.	Declared cash dividends of $0.50 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. Refer to the Chart of Accounts for exact wording of account titles.

Journalize the entries to record the transactions on December 31. Refer to the Chart of Accounts for exact wording of account titles.

	DATE	DESCRIPTION	POST. REF.	DEBIT	CREDIT	ASSETS	LIABILITIES	EQUITY
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18