1. On February 1, 2017, Flounder Corporation issued 3,600 shares of its $5 par value common stock for land worth $23,300. Prepare the February 1, 2017, journal entry. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

Date	Account Titles and Explanation	Debit	Credit
Feb. 1, 2017

2. Bridgeport Corporation issued 1,900 shares of its $10 par value common stock for $70,400. Bridgeport also incurred $1,200 of costs associated with issuing the stock. Prepare Bridgeports journal entry to record the issuance of the companys stock. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

Account Titles and Explanation	Debit	Credit