$1 per share. The following stock transactions were completed during the first year Jan. 10 Issued 70,500 shares of common stock for cash at $6 per share May 1 Issued 115,500 shares of common stock for cash at $6 per share. Nov. 1 Issued 3,100 shares of preferred stock for cash at $54 per share. rk Post to the stockholders equity accounts. (Post entries in the order of journal entries posted in the previous part.) tudy Prepare the paid-in capital portion of the equity section at 31, 2017