Concord Corporation was organized on January 1, 2019. It is authorized to issue 15,000 shares of 8%, $100 par value preferred stock, and 504,000 shares of no-par common stock with a stated value of $2 per share. The following stock transactions were completed during the first year:

JOURNALIZE

Jan.	10		Issued 85,000 shares of common stock for cash at $4 per share.
Mar.	1		Issued 5,150 shares of preferred stock for cash at $110 per share.
Apr.	1		Issued 22,000 shares of common stock for land. The asking price of the land was $90,000. The fair value of the land was $84,000.
May	1		Issued 78,000 shares of common stock for cash at $5.25 per share.
Aug.	1		Issued 11,000 shares of common stock to attorneys in payment of their bill of $43,000 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 1,000 shares of preferred stock for cash at $113 per share.