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

Preferred 2% Stock, $50 par (50,000 shares authorized, 25,000 shares issued)	$1,250,000
Paid-In Capital in Excess of ParPreferred Stock	250,000
Common Stock, $20 par (700,000 shares authorized, 210,000 shares issued)	4,200,000
Paid-In Capital in Excess of ParCommon Stock	550,000
Retained Earnings	13,250,000

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

Issued 70,000 shares of common stock at $25, receiving cash.

Issued 13,000 shares of preferred 2% stock at $69.

Purchased 42,000 shares of treasury common for $25 per share.

Sold 21,000 shares of treasury common for $28 per share.

Sold 14,000 shares of treasury common for $23 per share.

Declared cash dividends of $1.00 per share on preferred stock and $0.06 per share on common stock.

Paid the cash dividends.

Journalize the entries to record the transactions.

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

Required:

a. Issued 70,000 shares of common stock at $25, receiving cash.

b. Issued 13,000 shares of preferred 2% stock at $69.

c. Purchased 42,000 shares of treasury common for $25 per share.

d. Sold 21,000 shares of treasury common for $28 per share.

e. Sold 14,000 shares of treasury common for $23 per share.

f. Declared cash dividends of $1.00 per share on preferred stock and $0.06 per share on common stock.

g. Paid the cash dividends.