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helppp Diamondback. Weldeng si rabrication Corporation sells and services pipe...

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Accounting

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Diamondback. Weldeng si rabrication Corporation sells and services pipe welding equiporent in Illinos. Thin followng selected sccounts appear in the ledger of Dumondbock Weiding s. Fabercoton at the begioning of the current year: During the veat, the corporation conpleted a number of vamactions affecting the vodkalders equity. They are summartied as follows: a. Purchaved 30,060 thares of treasary common for $26 per shate. b. Sold 15,000 thares of treasury conimon for 529 per share. C L. Issued 16,000 shares of preferred 2% stock at $160. d. 1ssued 50,000 shares of common stock ot \$31, recerving cash. e. Sold 10,000 thares of treasury common for $24 per share. 1. Declared cosh dividends of $3.00 per share on preferred stock and $0.06 per share on common stock. 9. Paid the cash dividends

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