At December 31. Concord Corporation reports net income of $422,400. Prepare the entry to close net income. (List all debit entries before credit entries. Oredit account tifies are outomatically indented when amount is entered. Do not indent manually.) On Hay 10, Shetheld Corporationissues 2,850 shares of $10 par valuecommonstock for cathat $72 per stare Jaumaliav the issuance of the stock. Aht oll detit entries before oedit entries. Credl actount tides are autometically indented when amount s entered, Do not Indent manubliyd On June 1. Monty ine issues 3,050 shares of no par common stockat a canh price of 510 per shure. Journalize the issuance of the shares assuming the stock has astated value of $2 per stare. Alist af debit entries before credit entries. Crefit occoent tites are outomatically indented when ancunt is entered Do not indent mancally) Gulver inc's 510 par value cormmon stock is actively tradedat a market price of $16 per share. Culver issues 5,000 shares to purchase land advertised for sale at 572.500. Joumalige the isyance of the stock in acquiring the land. fht al debit entries before cmdit mitries Oredit occount fleles ere autamatically Wented when enourt is entered Do not indors manuallyd Eurrent Attemgt in Profgess On July 2. Whepering Winds Corporation purchases 640 shares of its is par value common stock for the treasury at a cash price of $10 per share. On 5 eptember 1. it vells 390 shares of blye treasucy steck for cash at 514 per athare preblem. Credit occount Itdes are outomateed y indentad when ameunt is eniered Do not indent manuolly? At the end of its tuist year of operation. Marigold Cocporation has $1,945000 of commonstock and net inconte of $209.000. (a) when emount is entered. Do not indent menualyd. Bramble Corporation began operations on April 1 by issuing 61,000 shares of $5 par value commonstock for cas at 519 per share On April 19, it issued 2,600 shares of commen stock to attomers in settlement of their bill of $27,200 for organization costs, In addition Bramble issued 1,300 shares of $1 parvalue preferred stock tor $7 cirsh per share. Journalize the issuance of the common and preferted shares, wsuming the shares are not publicly traded, (Lint all debit entrie before: credit entries. Record joumal entrias in the or der presented in the probiem Credit account tites are cutometically indented whien omount is: Do not indent manually Ayapai Cocporation purchuned 1.000 ahare of its $10 par valae comaman stcek for $85000 en Augent 1. it wili hold theseshares in thet treacary until assold Or December 1. the corporation sold 600 shares of trequry slock forcash at 572 per share. probiem Crodt occount tities are adonaticaly indented when ensont hentornd Be not indent monugched Bramble Inc. issues 5.100 shares of $100 par value preferred stock for cash at $140 per share Journalize the issuance of the preferred stock. (List all debit entries before credit entries. Credit occount tities are autamaticaly indented when amount is intered. Do not indent manualiyd