Current Attempt in Progress Blue Spruce Corporation was organized on January 1, 2022. It is authorized to issue 12,000 shares of 8%, $100 par value preferred stock, and 462,000 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. Mar. Apr. May Aug. Sept. Nov. (a) 10 1 1 Issued 77,000 shares of common stock for cash at $6 per share. Issued 5,500 shares of preferred stock for cash at $110 per share. Issued 25,000 shares of common stock for land. The asking price of the land was $88,000. The fair value of the land was $84,000. Issued 76,500 shares of common stock for cash at $5.25 per share. Issued 12,000 shares of common stock to attorneys in payment of their bill of $44,000 for services performed in helping the company organize. Issued 12,000 shares of common stock for cash at $7 per share. Issued 3,000 shares of preferred stock for cash at $112 per share. Your answer is partially correct. Journalize the transactions. (List all debit entries before credit entries. Record journal entries in the order presented in

the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually

(a) Your answer is partially correct. Journalize the transactions. (List all debit entries before credit entries. Recond journal entries in the order presented in the problem. Credit account titlies are outomotically indented when amount is entered. Do not indent manualiy) Preferred Stock Paid-in Capital in Excess of Par-Preferred Stock Land 84.000 (b). Post to the stockholders' equity acoounts, (Post entries in the order of Joumal entries presented in the previous part)) Common Stock (c) Prepare the paid-in capital section of stockholders' equity at December 31, 2022. (Enter the orcount nome only and do not provide the descriptive ing tomation provided in the question.) BLUE SPRUGE CORPORATION Balance Sheet (Partial)