15 part 4

Whispering Corporations charter authorized issuance of 105,000 shares of $ 10 par value common stock and 51,000 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 $ 9,500, 9% bond payable at par and gave as a bonus one share of preferred stock, which at that time was selling for $ 117 a share.
2.		Issued 480 shares of common stock for equipment. The equipment had been appraised at $ 7,300; the sellers book value was $ 5,600. The most recent market price of the common stock is $ 15 a share.
3.		Issued 376 shares of common and 98 shares of preferred for a lump sum amounting to $ 10,100. The common had been selling at $ 13 and the preferred at $ 60.
4.		Issued 180 shares of common and 53 shares of preferred for equipment. The common had a fair value of $ 15 per share; the equipment has a fair value of $ 6,700.

Record the transactions listed above in journal entry form. (Round Round intermediate calculations to 6 decimal places, e.g. 0.546872 and final answers to 0 decimal places, e.g. $38,487. 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.)

No.	Account Titles and Explanation	Debit	Credit
1.
2.
3.
4.