Question: Hello please help Selected Stock Transactions Diamondback Welding & Fabrication Corporation sells and services pipe welding equipment in Illinois. The following selected accounts appear in

Hello please help
Hello please help Selected Stock Transactions Diamondback Welding & Fabrication Corporation sells

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, $200 par (90,000 shares authorized, 45,000 shares issued) $9,000,000 Paid-In Capital in Excess of Par-Preferred Stock 1,800,000 Common Stock, $10 par (600,000 shares authorized, 320,000 shares issued) 3,200,000 Paid-In Capital in Excess of Par-Common Stock 420,000 Retained Earnings 30,570,000 During the year, the corporation completed a number of transactions affecting the stockholders equity. They are summarized as follows: a. Purchased 36,000 shares of treasury common for $14 per share. b. Sold 18,000 shares of treasury common for $17 per share. c. Issued 23,000 shares of preferred 2% stock at $216. d. Issued 60,000 shares of common stock at $13, receiving cash. e. Sold 12,000 shares of treasury common for $12 per share. f. Declared cash dividends of $4.00 per share on preferred stock and $0.04 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. b. 00 001 00 000

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