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

Preferred 2% Stock, $175 par (90,000 shares authorized, 45,000 shares issued)	$7,875,000
Paid-In Capital in Excess of ParPreferred Stock	1,575,000
Common Stock, $20 par (600,000 shares authorized, 270,000 shares issued)	5,400,000
Paid-In Capital in Excess of ParCommon Stock	700,000
Retained Earnings	32,966,000

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

Issued 60,000 shares of common stock at $23, receiving cash.

Issued 23,000 shares of preferred 2% stock at $195.

Purchased 36,000 shares of treasury common for $24 per share.

Sold 18,000 shares of treasury common for $27 per share.

Sold 12,000 shares of treasury common for $22 per share.

Declared cash dividends of $3.50 per share on preferred stock and $0.06 per share on common stock.

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 $23, receiving cash.

b. Issued 23,000 shares of preferred 2% stock at $195.

c. Purchased 36,000 shares of treasury common for $24 per share..

d. Sold 18,000 shares of treasury common for $27 per share.

e. Sold 12,000 shares of treasury common for $22 per share.

f. Declared cash dividends of $3.5 per share on preferred stock and $0.06 per share on common stock.

g. Paid the cash dividends.