Based on the following information, prepare journal entries for Windgate Corporation.

Mar. 7 Issued 10,000 shares of $5 par common stock for $43,000 cash.

16 Issued 6,000 shares of $5 par common stock for $33,000 cash.

23 Issued 4,000 shares of $12 par, 7% preferred stock for $53,000 cash.

29 Issued 5,000 shares of $4 par common stock for land with a fair market value of $28,000.

If an amount box does not require an entry, leave it blank.

For Journaling?