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Metlock Corporation's charter authorized issuance of 90,000 shares of $10 par value common stock and 47,000 shares of $50 preferred stock. The following transactions involving

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Metlock Corporation's charter authorized issuance of 90,000 shares of $10 par value common stock and 47,000 shares of $50 preferred stock. The following transactions involving the issuance of shares of stock were completed. Each transaction is independent of the others. 1. Issued a $10,400, 9% bond payable at par and gave as a bonus one share of preferred stock, which at that time was selling for $111 a share. 2. Issued 490 shares of common stock for equipment. The equipment had been appraised at $6,800; the seller's book value was $6,100. The most recent market price of the common stock is $15 a share. 3. Issued 395 shares of common and 100 shares of preferred for a lump sum amounting to $10,300. The common had been selling at $13 and the preferred at $62. 4. Issued 190 shares of common and 47 shares of preferred for equipment. The common had a fair value of $15 per share; the equipment has a fair value of $6,300. Record the transactions listed above in journal entry form. (Round Round intermediate calculations to 6 decimal places, e.g. 0.546872 and final answers to 0 decimal places e.g. $38,487. 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.) No. Account Titles and Explanation Debit Credit 1

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