2018 Apr 6 Issued 500 shares of common stock to the promoters who organized the corporation, receiving cash of $17,000. 12 Issued 400 shares of preferred stock for cash of $23,000. 14 Issued 1,600 shares of common stock in exchange for land with a market value of $24,000. Apr 6: Issued 500 shares of common stock to the promoters who organized the corporation, receiving cash of $17,000 Journal Entry Accounts Date Debit Credit Apr 6 Apr 12: Issued 400 shares of preferred stock for cash of $23,000. Journal Entry Date Accounts Debit Credit Apr 12 Apr 14: Issued 1,600 shares of common stock in exchange for land with a market value of $24,000. Journal Entry Accounts Debit Date Credit Apr 14 Heurement Praction. Amonary.com action of the best Toldos