DeLong Corporation was organized on January 1, 2015. It is authorized to issue 12,300 shares of 8%, $100 par value preferred stock, and 458,000 shares of no-par common stock with a stated value of $2 per share. The following stock transactions were completed during the first year.

Jan.	10		Issued 77,000 shares of common stock for cash at $4 per share.
Mar.	1		Issued 5,400 shares of preferred stock for cash at $105 per share.
Apr.	1		Issued 23,500 shares of common stock for land. The asking price of the land was $92,700. The fair value of the land was $88,000.
May	1		Issued 76,900 shares of common stock for cash at $4.49 per share.
Aug.	1		Issued 10,100 shares of common stock to attorneys in payment of their bill of $36,700 for services performed in helping the company organize.
Sept.	1		Issued 10,900 shares of common stock for cash at $6 per share.
Nov.	1		Issued 2,100 shares of preferred stock for cash at $113 per share.

CALCULATOR STANDARD VIEw PRINTERVERSION BACK ASSIGNMENT RESOURCES (b) Post to the stockholders' equity accounts. (Post entries in the order of journal entries presented in the previous part.) Spri 11 HW Exercise 11-5 Preferred Stock Problem 11-1A (Pa Date Explanation Ref Debit Credit Balance evel Sub Review Score Review Results by Study oblective Common Stock Date Explanation Ref Credit Balance Paid-in Capital in Excess of Par-Preferred Stock Date Explanation Ref Credit Balance Paid-in Capital in Excess of Stated Value-Common Stock Date Explanation Ref Credit Balance J5 SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT VIDEO: SIMILAR PROBLEM By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor. NEXT