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

Preferred 2% Stock, $75 par (100,000 shares authorized, 80,000 shares issued)	$ 6,000,000
Paid-In Capital in Excess of ParPreferred Stock	420,000
Common Stock, $8 par (5,000,000 shares authorized, 3,000,000 shares issued)	24,000,000
Paid-In Capital in Excess of ParCommon Stock	1,850,000
Retained Earnings	115,400,000

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

a. Issued 400,000 shares of common stock at $12, receiving cash. b. Issued 6,000 shares of preferred 2% stock at $85. c. Purchased 100,000 shares of treasury common for $10 per share. d. Sold 80,000 shares of treasury common for $14 per share. e. Sold 30,000 shares of treasury common for $9 per share. f. Declared cash dividends of $1.50 per share on preferred stock and $0.05 per share on common stock. g. Paid the cash dividends.

Requirements

Journalize the entries to record the transactions. Identify each entry by letter.