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Dans Hobby Stores had the following stock transactions during the year: Transactions: (a) Issued 5,000 shares of no-par common stock with a stated value of

Dans Hobby Stores had the following stock transactions during the year:

Transactions:
(a) Issued 5,000 shares of no-par common stock with a stated value of $10 per share for $50,000 cash.
(b) Issued 6,000 shares of no-par common stock with a stated value of $10 per share for $63,000 cash.
(c) Issued 3,500 shares of no-par, 6% preferred stock with a stated value of $22 per share for $77,000 cash.
(d) Issued 10,000 shares of $10 par common stock for land with a fair market value of $100,000.
(e) Issued 11,000 shares of $10 par common stock with an $11 fair market value for a building with an uncertain fair market value.
(f) Issued 8,000 shares of $30 par, 6% preferred stock for land with a fair market value of $243,000.

Required:

Prepare general journal entries for these transactions.

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