Journalize the following entries:

$1.$ On January $1,20$XX$,$ Delphinium Corp. issued $15,500$ shares of $$5$ par, $6\%$ preferred stock for $$185,000.$

$2.$ On January $1,20$XX$,$ Delphinium Corp. also issued $55,000$ shares of common stock for $$158,500.$

$3.$ On January $1,20$XX$,$ Delphinium Corp. issued $$900,000,6\%,12-$year bond when the market rate was $9\%.($Hint: Cash received will be the present value of the bond, present value tables are in Appendix A of our eText$)$ Interest is to be paid annually on each January $1,$ beginning one year from date of issue.

$4.$ Delphinium Corp. reacquired $4,000$ shares of its common stock on January $12,20$XX for $$9\mathrm{.}00$ per share.

$5.$ On December $31,20$XX$,$ Delphinium Corp. declared the annual preferred dividend plus a $$1\mathrm{.}00$ per share dividend on the outstanding common stock, all payable in cash on January $31$ of next year.

$6.$ Bought Debt Investments worth $$72,000$ for cash. Debt investments are expected to be held for longer then a year

$7.$ On December $31,20$XX$,$ Delphinium Corp. estimates that the total amount of accounts receivable that is uncollectible at year$-$end is $$22,550.$

$8.$ The building is being depreciated using the straight line method over $25$ years. The salvage value is $$55,000.$

$9.$ The equipment is being depreciated using the straight line method over $10$ years. The salvage value is $$10,000.$

$10.$ Sold the Land for $$750,000$ cash.

$11.$ The unearned rent for the current month was collected on December $1,20$XX$.$ The original amount received was $6$ months' rent in advance $($December $1$ of this year through May $31$ of next year$).$

$12.$ The first cash interest payment on the $6\%$ bonds is due January $1$ of next year. The annual interest on the bonds for $20$XX has not yet been recorded. Use the effective interest method.

$13.$ The Delphinium Corp. sold half of the Debt Investments for $$30,000$ cash

$14.$ The Delphinium Corp. must make an adjusting entry to accrue income tax expense on Income Before Income Tax at a rate of $22\%.$ The taxes will not be paid until March of next year.