Entries for issuing stock OBJ. 2 On August 26, Mountain Realty Inc. issued for cash 120,000 shares of no-par common stock

(with a stated value of $5) at $8. On October 1, Mountain Realty Inc. issued at par value 40,000 shares of preferred 1% stock, $10 par for cash. On November 30, Mountain Realty Inc. issued for cash 18,000 shares of preferred 1% stock, $10 par at $13.

Journalize the entries to record the August 26, October 1, and November 30 transactions.