Marigold Corporation was organized on January 1, 2017. It is authorized to issue 10,300 shares of 8%, $100 par value preferred stock, and 518,000 shares of no-par common stock with a stated value of $1 per share. The following stock transactions were completed during the first year.

Jan. 10		Issued 80,740 shares of common stock for cash at $6 per share.
Mar. 1		Issued 5,370 shares of preferred stock for cash at $111 per share.
Apr. 1		Issued 24,840 shares of common stock for land. The asking price of the land was $90,490; the fair value of the land was $80,740.
May 1		Issued 80,740 shares of common stock for cash at $8 per share.
Aug. 1		Issued 10,300 shares of common stock to attorneys in payment of their bill of $48,700 for services rendered in helping the company organize.
Sept. 1		Issued 10,300 shares of common stock for cash at $10 per share.
Nov. 1		Issued 1,090 shares of preferred stock for cash at $109 per share.

Prepare the journal entries to record the above transactions. (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 0 for the amounts.)

Date	Account Titles and Explanation	Debit	Credit