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Mar. 1 Winora Corporation was organized in March. It is authorized to i 550,000 shares of $100 par value 10% preferred stock. It is also

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Mar. 1 Winora Corporation was organized in March. It is authorized to i 550,000 shares of $100 par value 10% preferred stock. It is also authorized to Issue 750,000 shares of $1 par value common stock. In its first year, the corporation has the following transactions: Issued 20,000 shares of preferred stock at $115 per share. Mar 2 Issued 130,000 shares of common stock at $13 per share. Apr. 10 Issued 15,000 shares of common stock for equipment valued at $195,000. The stock is currently trading at $12 per share, and is a more reliable indicator of the value of the equipment Jun. 12 Issued 10,000 shares of common stock at $15 per share. Aug. Issued 1,000 shares of preferred stock at $112 per share Prepare the joumal entries to record the transactions. Il an amount box does not require an entry, leave it blank Mar 1 Mar 2 III III ID III II Apr 10 Mar. 2 Apr. 10 DII III III III III DOI III III III III Jun. 12 V A Aug

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