Flint Corporation was organized on January $1,2025.$ It is authorized to issue $23,300$ shares of $6\%,$$$50$ par value preferred stock and $469,000$ shares of no$-$par common stock with a stated value of $$2$ per share. The following stock transactions were completed during the first year.

Jan. $10$ Issued $74,500$ shares of common stock for cash at $$5$ per share.

Mar. $1$ Issued $13,300$ shares of preferred stock for cash at $$52$ per share.

May $1$ Issued $119,500$ shares of common stock for cash at $$7$ per share.

Sept. $1$ Issued $5,900$ shares of common stock for cash at $$6$ per share.

Nov. $1$ Issued $3,900$ shares of preferred stock for cash at $$55$ per share.

$($a$)$

Your answer is partially correct.

Journalize the 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 $O$ for the amounts. List all debit entries before credit entries.$)$

Date

Account Titles and Explanation

Debit

Credit