The following selected accounts appear in the ledger of Patton Environmental Inc. on July 1, 2012, the beginning of the current fiscal year:

Preferred 2% Stock, $75 par (40,000 shares authorized,
20,000 shares issued).......................$ 1,500,000
Paid-In Capital in Excess of par-preferred Stock............. 240,000
Common Stock, $15 par (500,000 shares authorized,
260,000 shares issued)..................... 3,900,000
Paid-In Capital in Excess of par-Common Stock............ 400,000
Retained Earnings....................... 12,750,000

During the year, the corporation completed a number of transactions affecting the stockholders’ equity. They are summarized as follows:
a. Issued 50,000 shares of common stock at $20, receiving cash.
b. Issued 10,000 shares of preferred 2% stock at $92.
c. Purchased 30,000 shares of treasury common for $480,000.
d. Sold 15,000 shares of treasury common for $322,500.
e. Sold 10,000 shares of treasury common for $155,000.
f. Declared cash dividends of $1.50 per share on preferred stock and $0.04 per share on common stock.
g. Paid the cash dividends.
Instructions
Journalize the entries to record the transactions. Identify each entry by letter.