Ons Chart of Accounts Journal astructions he following selected accounts appear in the ledger of Parks Construction Inc. at the beginning of the current year. Preferred 1% Stock. $50 par (100.000 shares authorized. 75.100 shares issued) Paid-In Capital in Excess of Par-Preferred Stock Common Stock, 53 par (5.000.000 shares authorized, 1.690.000 shares issued) Paid-in Capital in Excess of Par-Common Stock Retained Earnings $3,755,000 185.220 5,070,000 1.014,000 30.838.000 During the year, the corporation completed a number of transactions affecting the stockholders equity. They are summarized as follows: a. Issued 454 700 shares of common stock at $8. receiving cash Issued 11 800 shares of preferred 1 stock at 581 c. Purchased 40.500 shares of Treasury common for $8 per share 0 Sold 20 700 shares of common for $10 per share e sod 6.700 shares of treasury common for 37 per share DeclareosAmand of SO 30 per share on preferred stock and $0.10 per share on common stock Pald the cash dividenas Journalistheses to record the transactions Refer to the Chant of Accounts for axaat wording of counties stock transactions actions Chart of Accounts Joumal urnal Shaded cells JOURNAL Score: 188/224 ACCOUNTING EQUA DATE DESCRIPTION POST. REF: CREDIT ASSETS LIABILITIES DEBIT 3,637,600.00 Dec.31 Cash 2 Common Stock 1364,100.00 3 719,800.00 Paid-in Capital in Excess of Par-Common Stock Dec 31 Cash Preferred Stock Paid in Capital in Excess of Par-Preferred Stock Dec 31 Treasury Stock 590,000.00 372,000.00 Cash Dec 31 Cash 207000.00 165,600.00 41 400.00 11 Treasury Stock Pald-in Capital from Sale of Treasury Stock Casa 39.900.00 Dec 31 Pald-in Capital from Sale of Treasury Stock Treasury Stock 65 59700 Casi Dividends ok Show Me How Hected stock transactions Instructions Chart of Accounts Joumal Journal Shaded ce Paid-in Capital in Excess of Par-Preferred Stock Dec 31 Treasury Stock 372,000.00 Cash 207,000.00 20 165,600.00 41,400.00 11 Dec 31 Cash Treasury Stock Paid-in Capital from Sale of Treasury Stock Dec 31 Cash Peld-in Capital from Sale of Treasury Stock Treasury Stock 39,900.00 24 11 Dec 31 Cash Dividends 65,597.00 94,797.00 Cash Dividends Payable Dec. 51 Cash Dividends Payable 9700 Cash 98.00