Homework: Chapter 14 Calculator Print Item St. Marie Company is authorized issue 1,000,000 shares of $5 par value preferred stock, and 5,000,000 shares of $1 stated value common stock. During the year, the company has the following transactions: Jan. 31 Jun. 10 Issued 145,000 common shares at $10 share. Issued 156,000 preferred shares in exchange for land with a clearly determined value of 5890,000. Issued 9,000 shares common stock for 512 per share. Aug. 3 Prepare the journal entries to record the transactions. If an amount box does not require an entry, leave it blank. lan, 31 Cash Common Stock Additional Paid-in Capital from Common Stock Jun. 10 Land Preferred Stock Additional Paid-in Capital from Preferred Stock Aug. 3 Cash Common Stock Additional Paid-in Capital from Common Stock Feedback