issue 600,000 shares of $100 par value 10% preferred stock. It is also authorized issue 750,000 shares of $1 par value common stock. In its first Wingra Corporation was organized in March. It is authorized year, the corporation has the following transactions: Mar. 1 Mar. 2 Apr 10 Issued 10,000 shares of preferred stock at $115 per share. Issued 120,000 shares of common stock at $13 per share. Issued 15,000 shares of common stock for equipment valued at $198,000. The stock is currently trading at $12 per share, and is a more reliable indicator of the value of the equipment. Issued 12,000 shares of common stock at $15 per share. Issued 1,000 shares of preferred stock at $112 per share. Jun. 12 Aug. 5 Prepare the journal entries to record the transactions. If an amount box does not require an entry, leave it blank. Mar. 1 Additional Paid-in Capital from Common Stock Additional Paid-in Capital from Preferred Stock Cash Common Stock Mar. 2 Preferred Stock Apr. 10 Jun. 12 Aug. 5