Instructions On May 23, Stoltz Realty Inc. issued for cash 95,000 shares of no-par common stock (with a stated value of $5) at 59. On July 6, Stotz Realty Inc. Issued at par value 39,000 shares of preferred 1% stock, $10 pat for cash. On September 15, Stoltz Realty Inc. issued for cash 19,000 shares of preferred 1% stock, $10 par at $15. Journalize the entries to record the May 23, July 6, and September 15 transactions. Refer to the Chart of Accounts for exact wording of account titles. CHART OF ACCOUNTS Stoltz Realty Inc. General Ledger ASSETS REVENUE 110 Cash 410 Sales 610 Interest Revenue EXPENSES 120 Accounts Receivable 131 Notes Receivable 132 Interest Receivable 141 Merchandise Inventory 145 Office Supplies 151 Prepaid Insurance 510 Cost of Merchandise Sold 515 Credit Card Expense 181 Land 193 Equipment 194 Accumulated Depreciation Equipment 520 Salarios Expense 531 Advertising Expense 532 Delivery Expense 533 Selling Expenses 534 Rent Expense 535 Insurance Expense 536 Office Supplies Expense 537 Organizational Expenses LIABILITIES 210 Accounts Payable 221 Notes Payable 221 Notes Payable pre 537 Organizational Expenses 562 Depreciation Expense-Equipment 590 Miscellaneous Expense 710 Interest Expense 226 Interest Payable 231 Cash Dividends Payable 236 Stock Dividends Distributable 241 Salaries Payable 261 Mortgage Note Payable JO EQUITY 311 Common Stock 313 Pald-In Capital in Excess of Stated Value-Common Stock 315 Treasury Stock 321 Preferred Stock 322 Paid In Capital in Excess of Par-Preferred Stock 331 Pald-In Capital in Excess of Par Common Stock 340 Retained Earnings 351 Cash Dividends 352 Stock Dividends 390 Income Summary Journal Journalize the entries to record the May 23, July 6, and September 15 transactions. Refer to the Chart of Accounts for exact worting of account ites. PAGE 10 JOURNAL ACCOUNTING EQUATION DATE DESCRIPTION POST. REF DENT CREDIT ASSETS LABILITIES EQUITY 1 2 3 4 6 7