Monty Corp. was organized on January 1, 2017. It is authorized to issue 23,500 shares of 6%, $53 par value preferred stock and 459,000 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 69,500 shares of common stock for cash at $4 per share.
Mar.	1		Issued 1,190 shares of preferred stock for cash at $54 per share.
May	1		Issued 114,500 shares of common stock for cash at $7 per share.
Sept.	1		Issued 4,900 shares of common stock for cash at $9 per share.
Nov.	1		Issued 2,900 shares of preferred stock for cash at $54 per share.

a) Journalize the transactions.

b)

C)

Post to the stockholders equity accounts. (Post entries in the order of journal entries posted in the previous part.) Preferred Stock Paid-in Capital in Excess of Par Value-Preferred Stock Common Stock Paid-in Capital in Excess of Stated Value-Common Stock Prepare the paid-in capital portion of the stockholders' equity section at December 31, 2017. MONTY CORP. Partial Balance Sheet $