Homework: Chapter 14 Calculator Print liem Wingra Corporation was organized in March. It is authorized to issue 600,000 shares of $100 par value 8% preferred stock. It is also authorized to issue 750,000 shares of s1 par value common stock. In its first year, the corporation has the following transactions: Mar. 1 Issued 10,000 shares of preferred stock at $115 per share. Mar. 2 Issued 140,000 shares of common stock at S13 per share. Apr. 10 Issued 15,000 shares of common stock for equipment valued at $198,000. The stock currently trading at $12 per share, and is a more reliable indicator of the value of the equipment Jun. 12 Issued 12,000 shares of common stock at $15 per share. Aug. 5 Issued 1,000 shares of preferred stock at 5112 per share Prepare the journal entries to record the transactions. If an amount box does not require an entry, leave it blank. Mar. 1 Cash Preferred Stock Additional Paid-in Capital from Preferred Stock Mar. 2 Cash Common Stock III III III III III III Additional Pald-in Capital from Common Stock Apr. 10 Equipment Common Stock Additional Paid-in Capital from Common Stock Homework: Chapter 14 Calculator Print Item Prepare the joumal entries to record the transactions. If an amount box does not require an entry, leave it blank. Mar. 1 Cash Preferred Stock Additional Pald-In Capital from Preferred Stock Mar. 2 Cash Common Stock Additional Paid-in Capital from Common Stock Apr. 10 Equipment Common Stock Additional Paid-in Capital from Common Stock II III III III II III III III III Jun. 12 Cash Common Stock Additional Paid-in Capital from Common Stock Aug. 5 Cash Preferred Stock Additional Paid-in Capital from Preferred Stock