PR 13-3A Selected Stock Transactions OBJ. 3, 4, 6 The following selected accounts appear in the ledger of Upscale Construction Inc. at the beginning of the current year: Preferred 2% Stock, $80 par (200,000 shares authorized, 65,000 shares issued) Paid-In Capital in Excess of Par-Preferred Stock $ 5,200,000 360,000 Common Stock, $12 par (3,000,000 shares authorized, 1,400,000 shares issued) 16,800,000 Paid-In Capital in Excess of Par-Common Stock 1,290,000 Retained Earnings 110,900,000 During the year, the corporation completed a number of transactions affecting the stockholders' equity. They are summarized as follows: a. Issued 220,000 shares of common stock at $15, receiving cash. b. Issued 6,000 shares of preferred 2% stock at $94. c. Purchased 130,000 shares of treasury common for $19 per share. d. Sold 70,000 shares of treasury common for $23 per share. e. Sold 40,000 shares of treasury common for $17 per share. f. Declared cash dividends of $1.60 per share on preferred stock and $0.14 per share on common stock. g. Paid the cash dividends. INSTRUCTIONS Journalize the entries to record the transactions. Identify each entry by letter.