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Concord Corporation was organized on January 1, 2025. It is authorized to issue 22,300 shares of 6%,$50 par value preferred stock and 467,000 shares of

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Concord Corporation was organized on January 1, 2025. It is authorized to issue 22,300 shares of 6%,$50 par value preferred stock and 467,000 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 73,500 shares of common stock for cashat $6 per share. Mar: 1 Issued 14,300 shares of preferred stock for cash at $53 per share. May 1 Issued 118,500 shares of common stock for cash at $8 per share. Sept. 1 Issued 5,700 shares of common stock for cash at $7 per share. Nov. 1 Issued 3,700 shares of preferred stock for cash at $56 per share. Journalize the transactions. TRecord joumaf entries in the onder presented in the problem. Credit occount titles are outomotically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry' for the account titles and enter O for the amounts List all debit entries before credit entries. eTextbook and Media List of Accounts Preferred Stock Paid-in Capital in Excess of Par-Preferred Stock Common Stock Common Stock Paid-in Capital in Excess of Stated Value-Common Stock Partial Balance Sheet $ 5 5

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