Issuing Stock Willow Creek Nursery, with an authorization of 22,000 shares of preferred stock and 300,000 shares of common stock, completed several transactions involving to stock on October 1, the first day of operation. The trial balance at the close of the day follows: Cash 411,800 Land 62,000 Buildings 125,200 Preferred 2% Stock, 5100 180,000 Paid-in Capital in Excess of Par Preferred Stock Common Stock, $40 par 284,000 Paid In Capital in Excess of Par Common Stock 127,800 599,000 599,000 All shares within each class of stock were sold at the same price. The preferred stock was sued in exchange for the land and buildings 7,200 Journalist the entries to record the (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) 8 If an amount box does not require an entry, leave a blank (2) Previous Next Printem CH 12 HW ebook trial balance at the chose of the day follows: Cash 411,000 62,000 Land 125,200 Buildings Preferred 2 Stock, $100 par Pald-in Capital in Excess of Par-Preferred Stock Common Stock, 340 par Paid-in Capital in Excess of Par-Common Stock 180,000 7.200 284,000 127,800 599,000 599,000 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 record the (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) Previo