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Selected stock transactions Preferred 2% Stock, $80 par (100,000 shares authorized, 60,000 shares issued)...

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Accounting

Selected stock transactions
Preferred 2% Stock, $80 par (100,000 shares authorized, 60,000 shares issued)
Paid-In Capital in Excess of Par-Preferred Stock
Common Stock, $9 par (3,000,000 shares authorized, 1,750,000 shares issued)
Paid-In Capital in Excess of Par-Common Stock210,000
15,750,000
1,400,000
52,840,000Retained Earnings
During the year, the corporation completed a number of transactions affecting the stockholders' equity. They are summarized as follows:
a. Purchased 87,500 shares of treasury common for $8 per share.
b. Sold 55,000 shares of treasury common for $11 per share.
c. Issued 20,000 shares of preferred 2% stock at $84
d. Issued 400,000 shares of common stock at $13, receiving cash.
e. Sold 18,000 shares of treasury common for $7.50 per share.
f. Declared cash dividends of $1.60 per share on preferred stock and $0.05 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.
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