- /20 ili Sandhill Corporation was organized on June 1, 2020. It is authorized to issue 100.000 shares of 5%, $100 par value preferred stock, and 1,750,000 shares of no-par common stock with a stated value of $1 per share. The following stock transactions were completed during the first year June 15 June 30 Aug. 15 Issued 163,000 shares of common stock for cash at $5 per share. Issued 26.400 shares of preferred stock for cash at $103 per share. Issued 19 400 shares of common stock for a factory building. The asking price of the factory building was $145.500: the appraised value of the factory building was $135,800 Issued 200,000 shares of common stock for cash at 57 per share. Sept. 1 Oct. 1 Issued 4.700 shares of common stock to attorneys in payment of their bill of $37,600 for services rendered in helping the company organize Issued 24 200 shares of common stock for cash at $8.50 per share. Oct. 15 Nov. 1 Issued 6,600 shares of preferred stock for cash at $105 per share. Prepare the journal entries to record the above transactions. (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 for the amounts.) Date Account Titles and Explanation Debit Credit