to ce 365 aply ce app PO Selected Stock Transactions The following selected accounts appear in the ledger of Parks Construction Inc. at the beginning of the current year: Preferred 2% Stock, $200 par (50,000 shares authorized, 25,000 shares issued) $5,000,000 Paid-In Capital in Excess of Par-Preferred Stock 1,000,000 Common Stock, $15 par (500,000 shares authorized, 310,000 shares issued) 4,650,000 Paid-In Capital in Excess of Par--Common Stock 600,000 Retained Earnings 23,850,000 During the year, the corporation completed a number of transactions affecting the stockholders! equity. They are summarized as follows: a. Issued 50,000 shares of common stock at $18, receiving cash. b. Issued 13,000 shares of preferred 2% stock at $218. C. Purchased 30,000 shares of treasury common for $19 per share. d. Sold 15,000 shares of treasury common for $22 per share. e. Sold 10,000 shares of treasury common for $17 per share. f. Declared cash dividends of $4.00 per share on preferred stock and $0.10 per share on common 9. 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 50,000 shares of common stock at $18, receiving cash. Assignment Sede: 0.0% Endinstructor Savetand ExtSubtiit Assignment for Grading 13,000 shares of preferred 2% Stockat #218 b. Issued c. purchased 30,oou shares of treasury common for & 19 per share d. Sold 15,000 shares of treasury common for B22 per share e. Sold 10,ooo shares of treasury common for 7 17 per share " declared cash on Preferred stock stock dividends of $4,00 per Share and 0.10 per Share on common g. paid the cash dividends Selected Stock Transactions The following selected accounts appear in the ledger of Parks Construction Inc. at the beginning of the current year: Preferred 2% Stock, $200 par (50,000 shares authorized, 25,000 shares issued) $5,000,000 Paid-In Capital in Excess of Par Preferred Stock 1,000,000 Common Stock. $15 par (500,000 shares authorized, 310,000 shares issued) 4,650,000 Pard-in Capital in Excess of Par-Common Stock 600,000 Retained Earnings 23,850,000 During the year, the corporation completed a number of transactions affecting the stockholders' equity. They are summarized as follows: a. Issued 50,000 shares of common stock at $18, receiving cash b. Issued 13,000 shares of preferred 2% stock at $218. c. Purchased 30,000 shares of treasury common for $19 per share. d. Sold 15,000 shares of treasury common for $22 per share. e. Sold 10,000 shares of treasury common for $17 per share. f. Declared cash dividends of $4.00 per share on preferred stock and $0.10 per share on common stock 9. 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 50,000 shares of common stock at $18, receiving cash. Assignment Sedre: 0.0% instructor Saveland.ExtSubtut Assigamentfor Grilling b. Issued 13,000 shares of Preferred 2% stockat $1218 c. purchased 30,ooo Shares of treasury common for $19 per share