d Harper College Login C Chegg Study I Guidec CALCULATOR PRINTER VERSION BACK NEX Problem 11-1A Pronghorn Corp was organized on January 1, 2017. It is authorized to sue 19,800 shares o 7% $50 par value preferred stock and 462,000 shares of no-par common stock with a stated value of $1 per share. The following stock transactions were completed during the first year Jan. 10 Mar. 1 May 1 Sept. 1 Issued 71,000 shares of common stock for cash at $5 per share Issued 1,220 shares of preferred stock for cash at $56 per share Issued 116,000 shares of common stock for cash at $8 per share. Issued 5,200 shares of common stock for cash at $6 per share. Nov. 1 Issued 3,200 shares of preferred stock for cash at $58 per share. e transactions. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Date Account Titles and Explanation Debit Credit 1MG-3985.JPG Show all