Issuing Stock

Willow Creek Nursery, with an authorization of 29,000 shares of preferred stock and 310,000 shares of common stock, completed several transactions involving its stock on October 1, the first day of operations. The trial balance at the close of the day follows:

Cash	525,100
Land	73,000
Buildings	149,600
Preferred 2% Stock, $100 par			210,000
Paid-In Capital in Excess of Par-Preferred Stock			12,600
Common Stock, $40 par			356,000
Paid-In Capital in Excess of Par-Common Stock			169,100
	747,700		747,700

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)	Cash	fill in the blank 11978efbe073fc7_2	fill in the blank 11978efbe073fc7_3
		fill in the blank 11978efbe073fc7_5	fill in the blank 11978efbe073fc7_6
		fill in the blank 11978efbe073fc7_8	fill in the blank 11978efbe073fc7_9

If an amount box does not require an entry, leave it blank.

(2)		fill in the blank 9013c4085fcbfbc_2	fill in the blank 9013c4085fcbfbc_3
		fill in the blank 9013c4085fcbfbc_5	fill in the blank 9013c4085fcbfbc_6
		fill in the blank 9013c4085fcbfbc_8	fill in the blank 9013c4085fcbfbc_9
		fill in the blank 9013c4085fcbfbc_11	fill in the blank 9013c4085fcbfbc_12