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Marigold Corp. was organized on January 1, 2022. It is authorized to issue 10.500 shares of 8%. $ 100 par value preferred stock, and 477.000

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Marigold Corp. was organized on January 1, 2022. It is authorized to issue 10.500 shares of 8%. $ 100 par value preferred stock, and 477.000 shares of no-par common stock with a stated value of $2 per share. The following stock transactions were completed during the first year Jan. 10 Mar. 1 Apr 1 May 1 Issued 75,500 shares of common stock for cash at S4 per share Issued 5,650 shares of preferred stock for cash at $ 105 per share. Issued 25,000 shares of common stock for land. The asking price of the land was $ 86,500. The fair value of the land was $83,000 issued 84,500 shares of common stock for cash at $4.25 per share Issued 11.000 shares of common stock to attorneys in payment of their bill of $ 41,000 for services performed in helping the company organize issued 10,000 shares of common stock for cash at $ 6 per share Issued 2,500 shares of preferred stock for cash at $ 111 per share Aug 1 Sept. 1 No. 1 (a) Journalize the transactions. (Record journal entries in the order presented in the problem. Credit account titles are automatically Indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Marigold Corp. was organized on January 1, 2022. It is authorized to issue 10.500 shares of 8%, $ 100 par value preferred stock, and 477,000 shares of no-par common stock with a stated value of $ 2 per share. The following stock transactions were completed during the first year. Jan. 10 Mar. 1 Apr. 1 May 1 Issued 75.500 shares of common stock for cash at $ 4 per share. Issued 5,650 shares of preferred stock for cash at $ 105 per share. Issued 25,000 shares of common stock for land. The asking price of the land was $ 86,500. The fair value of the land was $ 83,000 Issued 84,500 shares of common stock for cash at $4.25 per share Issued 11,000 shares of common stock to attorneys in payment of their bill of $ 41,000 for services performed in helping the company organize. Issued 10,000 shares of common stock for cash at $6 per share Issued 2.500 shares of preferred stock for cash at $ 111 per stare Aug Sept. 1 Nov. 1 (a) Journalize the transactions. (Record journal entries in the order presented in the problem. Credit account titles are automatically Indented when amount is entered. Do not Indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.)

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