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

Preferred 2% Stock, $200 par (30,000 shares authorized, 15,000 shares issued)$3,000,000Paid-In Capital in Excess of ParPreferred Stock600,000Common Stock, $15 par (700,000 shares authorized, 300,000 shares issued)4,500,000Paid-In Capital in Excess of ParCommon Stock590,000Retained Earnings18,423,000

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

1. Issued 70,000 shares of common stock at $19, receiving cash.
2. Issued 8,000 shares of preferred 2% stock at $216.
3. Purchased 42,000 shares of treasury common for $20 per share.
4. Sold 21,000 shares of treasury common for $23 per share.
5. Sold 14,000 shares of treasury common for $18 per share.
6. Declared cash dividends of $4.00 per share on preferred stock and $0.04 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.