(Stock Transactions—Lump Sum) Matsui Corporation’s charter authorized issuance of 100,000 shares of $10 par value common stock and 50,000 shares of $50 preferred stock. The following transactions involving the issuance of shares of stock were completed. Each transaction is independent of the others.

1. Issued a $10,000, 9% bond payable at par and gave as a bonus one share of preferred stock, which at that time was selling for $106 a share.

2. Issued 500 shares of common stock for machinery. The machinery had been appraised at $7,100; the seller’s book value was $6,200. The most recent market price of the common stock is $15 a share.

3. Issued 375 shares of common and 100 shares of preferred for a lump sum amounting to $11,300.

The common had been selling at $14 and the preferred at $65.

4. Issued 200 shares of common and 50 shares of preferred for furniture and fixtures. The common had a fair market value of $16 per share; the furniture and fixtures have a fair value of $6,200.

Instructions Record the transactions listed above in journal entry form.