Based on the following information from Castle Keys Corporation, prepare the appropriate journal entries.

April 10 Incurred organization costs totaling $4,200.

12 Issued 9,000 shares of $10-par common stock for $110,000.

25 Issued 3,500 shares of 7%, $30-par preferred stock for $115,000.

30 Issued 6,000 shares of $10-par common stock for $65,000

May 15 Issued 3,000 shares of 7%, $30-pare preferred stock for equipment with a fair market value of $93,000.