Issuing Stock Willow Creek Nursery, with an authorization of 20,000 shares of preferred stock and 290,000 shares of common stock, completed several transactions involving its stock on October 1, the first day of operations. The trial balance at the dose of the day follows: Cash 466,100 Land 62,000 Buildings 127,000 Preferred 2% Stock, $100 par 180,000 Paid-In Capital in Excess of Par-Preferred Stock 9,000 Common Stock, $40 par 316,000 Paid-In Capital in Excess of Par-Common Stock 150,100 655,100 655,100 All shares within each class of stock were sold at the same price. The preferred stock was issued in exchange for the land and buildings. Journalize the entries to rec (1) common and (2) preferred stock transactions summarized in the trial balance. If an amount box does not require an entry, leave it blank. (1) If an amount box does not require an entry, leave it blank. (2) Entries for Cash Dividends The declaration, record, and payment dates in connection with a cash dividend of $21,700 on a corporation's common stock are July 9, August 31, and October 1. Journalize the entries required on each date. If no entry is required, select "No Entry Required" and leave the amount boxes blank. If an amount box does not require an entry, leave it blank. July 9 Aug. 31 Oct. 1 )