Selected stock transactions

Diamondback Welding & Fabrication Corporation sells and services pipe welding equipment in Illinois. The following selected accounts appear in the ledger of Diamondback

Welding & Fabrication at the beginning of the current year:

Preferred $2\%$ Stock, $$150$ par $(40,000$ shares authorized, $20,000$ shares issued$)$

Paid$-$In Capital in Excess of Par$-$Preferred Stock

Common Stock, $$10$ par $(800,000$ shares authorized, $260,000$ shares issued$)$

$$3,000,000$

$600,000$

$2,600,000$

$340,000$

$13,865,000$

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

a$.$ Purchased $48,000$ shares of treasury common for $$15$ per share.

b$.$ Sold $24,000$ shares of treasury common for $$18$ per share.

c$.$ Issued $10,000$ shares of preferred $2\%$ stock at $$170.$

d$.$ Issued $80,000$ shares of common stock at $$16,$ receiving cash.

e$.$ Sold $16,000$ shares of treasury common for $$13$ per share.

f$.$ Declared cash dividends of $$3\mathrm{.}00$ per share on preferred stock and $$0\mathrm{.}04$ per share on common stock.

g$.$ Paid the cash dividends.

Required:

Journalize the entries to record the transactions.

If an amount box does not require an entry, leave it blank.

a$.$

x

$$

b$.$

X