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, $80 par (100,000 shares authorized, 60,000 shares issued) $5,200,000 Paid-In Capital in Excess of Par—Preferred Stock 230,000 Common Stock, $5 par (6,000,000 shares authorized, 3,150,000 shares issued) 15,250,000 Paid-In Capital in Excess of Par—Common Stock 1,400,000 Retained Earnings 52,480,000   During the year, the corporation completed a number of transactions affecting the stockholders’ equity. Journalize eachof the followingtransactionsand identify each entry by letter:   A. Purchased 87,500 shares of treasury common for $9per share. B. Sold 55,000 shares of treasury common for $10per share. C. Issued 20,000 shares of preferred 3% stock at $84. D. Issued 400,000 shares of common stock at $12, receiving cash. E. Sold 18,000 shares of treasury common for $7.75per share. F. Declared cash dividends of $1.50 per share on preferred stock and $0.04per share on common stock. G. Paid the cash dividends.

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, $80 par (100,000 shares authorized, 60,000 shares issued) $5,200,000
Paid-In Capital in Excess of Par—Preferred Stock 230,000
Common Stock, $5 par (6,000,000 shares authorized, 3,150,000 shares issued) 15,250,000
Paid-In Capital in Excess of Par—Common Stock 1,400,000
Retained Earnings 52,480,000
 
During the year, the corporation completed a number of transactions affecting the stockholders’ equity. Journalize eachof the followingtransactionsand identify each entry by letter:
 
A. Purchased 87,500 shares of treasury common for $9per share.
B. Sold 55,000 shares of treasury common for $10per share.
C. Issued 20,000 shares of preferred 3% stock at $84.
D. Issued 400,000 shares of common stock at $12, receiving cash. E. Sold 18,000 shares of treasury common for $7.75per share.
F. Declared cash dividends of $1.50 per share on preferred stock and $0.04per share on common stock.
G. Paid the cash dividends.
 
Tired of numerous paper assignments?
Rely on us and receive professional paper writing assistance!
Professional paper Writing Assistance

Who We Are

We are a professional website for customized writing. If you searched a question and stumbled into our website, you are in the right place to receive assistance with your coursework.

Do you handle any type of coursework?

Yes. We have displayed prior orders to demonstrate our experience. We can answer this question for you as we have previously. Please fill out our Order Form so that we may ensure its flawlessness. Correctly completing the order form will help our staff with reference, requirements, and future communication.

Is it hard to Place an Order?

  1. Click on the “Order Now” tab at the top menu or “GET A FREE QUOTE” icon at the bottom and a new page will appear with an order form to be filled
  2. Fill in the initial requirements in the small order form located on the home page and press “continue” button to proceed to the main order form or press “order” button in the header menu. Starting from there let our system intuitively guide you through all steps of ordering process. Submit detailed paper instructions, upload necessary files if needed and provide your contact information – you are almost done!
  3. Proceed with the payment- click on “PROCEED TO CHECKOUT” at the bottom of the page. From there, the payment sections will show, follow the guided payment process and your order will be available for our writing team to work on it. All your payments are processed securely through PayPal. This enables us to guarantee a 100% security of your funds and process payments swiftly.
  4. Delivery- Once finished, your final paper will be available for download through your personal dashboard. You will also receive an email notification with a copy of your paper attached to it.