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Problem 13-01Ad-C Concord Corporation was organized on January 1, 2020. It is authorized to issue 14,000 shares of 8%, $100 par value preferred stock, and 511,000 shares of no-par common stock with a stated value of $3 per share. The following stock transactions were completed during the first year. Jan. 10 Issued 82,000 shares of common stock for cash at $6 per share. Mar. 1 Issued 4,850 shares of preferred stock for cash at $105 per share. Apr. 1 Issued 25,000 shares of common stock for land. The asking price of the land was 593,000. The fair value of the land was $82,000. May 1 Issued 76,500 shares of common stock for cash at $4,50 per share. Aug. 1 Issued 11,000 shares of common stock to attorneys in payment of their bill of $41,500 for services performed in helping the company organize. Sept. 1 Issued 12,000 shares of common stock for cash at $7 per share. Nov. 1 Issued 2,500 shares of preferred stock for cash at $112 per share 3 Journalize the transactions. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit y Jan. 10 Cash 492000 Common Stock 246000 Paid-in Capital in Excess of Stated Value Commor 246000 Mar. 1 v cash 509250 Preferred Stock 485000 Paid-in Capital in Excess of Par-Common Stock 82000 Apr. 1 Land Common Stock Paid-in Capital in Excess of Par-Preferred Stock Post to the stockholders' equity accounts. (Post entries in the order of journal entries presented Preferred Stock Common Stock > > Paid-in Capital in Excess of Par-Preferred Stock > > $ $ Click if you would like to Show Work for this question: Open Show Work SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT