A B C D E F G

The following selected accounts appear in the ledger of Parks Construction Inc. at the beginning of the current year: Preferred 2% Stock, $175 par (90,000 shares authorized, 45,000 shares issued) $7,875,000 Paid-In Capital in excess of Par-Preferred Stock 945,000 Common Stock, $20 par (700,000 shares authorized, 290,000 shares issued) 5,800,000 Pald-in Capital in Excess of Par-Common Stock 250,000 Retained Earnings 32,584,000 During the year, the corporation completed a number of transactions affecting the stockholders gulty. They are summarized as follows: a. Issued 70,000 shares of common stock at $25, receiving cash. b. Issued 23,000 shares of preferred 2% stock at $195. C. Purchased 42,000 shares of treasury common for $25 per share. d. Sold 21,000 shares of treasury common for $28 per share. e. Sold 14,000 shares of treasury common for $23 per share f. Declared cash dividends of $3.50 per share on preferred stock and $0.04 per share on common stock g. 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. a. Issued 70,000 shares of common stock at $25, receiving cash.