Journatixn stock transoctions, post, and prepare paid- 4 t rupiral seerion. par common stock with a statind value of $2 jer shars. The following stock trancactions were completed during the first year. Jan, to Lssaed 80,009 sharos of cominoa stock for cash at 84 per sbare. Mar.1 Issued 5,000 sharas of preferred stuck for cash at 3 to 5 per share. Apr. 1 Iseried 24,000 thares of common ritock for land. The acking price of the land was 590,000 . The fair value of the land was $85,000. May 1 lassed 8o,000 shares of common stock for tash at 54.50 per share. Ang. 1 Issued so,000 shares of commoa stock to attorneys in payment of their bill of sgovooo for services performed in helping the coinpany arganize. Sept. 1 Issued so,00o shares of com mon stock for cash at S g per share. Now 1 Issued hooo shares of preferred stock for cash at $109 per share. Instruetions a. Sournalise the transaction in. b. Post to the stockholder equity accounta. (Use T-accounts) A. Prepare the paid- in eapital section of atockholdera' equity at December ja zoaz. exrotal paldilin amplal si.47q.000