Monty Corp. was organized on January 1, 2025. It is authorized to issue 23,500 shares of 6%,$50 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 16,500 shares of preferred stock for cash at $52 per share. May 1 Issued 114,500 shares of common stock for cash at $6 per share. Sept. 1 Issued 4,900 shares of common stock for cash at $5 per share. Nov. 1 Issued 2,900 shares of preferred stock for cash at $55 per share. (a) Your answer is partially correct. 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 0 for the amounts. List all debit entries before credit entries.) Common Stock Paid-in Capital in Excess of Stated Value-Common Stock 208500 \begin{tabular}{ll|} \hline ar. 1 Cash & 858000 \\ \hline \end{tabular} Preferred Stock 825000 Paid-in Capital in Excess of Par-Preferred Stock 33000 Cash 687000 Common Stock 114500 Paid-in Capital in Excess of Stated Value-Common Stock 572500 Cash 24500 Common Stock Paid-in Capital in Excess of Stated Value-Common Stock 19600 \begin{tabular}{ll|} \hline vv1 & Cash \\ \hline \end{tabular} Preferred Stock Paid-in Capital in Excess of Par-Preferred Stock urt. Paid-in Capital in Excess of Stated Value-Common Stock