5 1 PRINTFE VERSION RACK NEXT Problem 13-1A De Corporation was organized on January 1, 2017. It is authorized to issue 14,500 shares of 8%, 5100 par value preferred stock, and 533,000 shares of nopar common stock with a stated Value of $3 per share. The following stock transactions were completed during the first year a. 10 stond 78,000 shares of common stock for cash at $6 per share Mar. 1 issued 4,750 shares of preferred stock for th5105 per share Apr. 1 Issued 24,000 shares of common stock for land. The asking price of the land was $07.000. The fair value of the land was $7.006 May 1 Issued 76,500 shares of common stock for cash at $4.35 per share Aug 11,000 shares of common stock to attorneys in payment of their bel of 342,000 for services performed in being the company opene Sept. 1 sud 11.500 shares of common stock for chat per share Now Issue 1.500 shares of preferred stock for cash at $10 per share Swamalize the transaction (Record journal entries in the order presented in the problen Creolt account bites are automatically indented when amount were. Durant manually.) Date Menities and Evention De Credo dy SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT Vinni of Post to the stockholders' equity accounts. (Post entries in the order of journal entries presented in the previous Preferred Stock Date Explanation Ref. Debit Credit Balance 15 J5 V.Study Common Stock Date Explanation Ref. Debit Credit Balance 35 15 35 35 35 Pald-in Capital in Excess of Par-Preferred Stock Date Explanation Ref. Debit Credit Balance 15 35 Weygandt, Accounting Principles, 12e Help System Announcements (1 Unread) LATE VU J5 35 Common Stock Date Explanation Ref. Debit Credit Balance 35 35 I 05 35 35 Paid-in Capital in Excess of Par-Preferred Stock Date Explanation Ref. Debit Credit Balance 35 35 Paid-in Capital In Excess of Stated Value-Common Stock Date Explanation Ref. Debit Credit Balance 35 JS 35 35 35