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Marigold Corp. was organized on January 1, 2017. It is authorized to issue 22,500 shares of 7%, $51 par value preferred stock and 457,000 shares

Marigold Corp. was organized on January 1, 2017. It is authorized to issue 22,500 shares of 7%, $51 par value preferred stock and 457,000 shares of no-par common stock with a stated value of $3 per share. The following stock transactions were completed during the first year. Jan. 10 Issued 68,500 shares of common stock for cash at $5 per share. Mar. 1 Issued 1,170 shares of preferred stock for cash at $54 per share. May 1 Issued 113,500 shares of common stock for cash at $7 per share. Sept. 1 Issued 4,700 shares of common stock for cash at $8 per share. Nov. 1 Issued 2,700 shares of preferred stock for cash at $55 per share. Journalize the transactions

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