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Need help completing the journal entries Cullumber Company has been authorized to issue 20.000 shares of $100 par value, 10%, noncumulative preferred stock and 888,000

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Cullumber Company has been authorized to issue 20.000 shares of $100 par value, 10%, noncumulative preferred stock and 888,000 shares of no-par common stock. The corporation assigned a $2.40 stated value to the commonstock. At December 31 . 2020 , the ledger contained the following balances pertaining to stockholders' equity. The preferred stock was issued for land having a fair value of $140.000. All common stock issued was for cash, in November, 400 shares of common stock were purchased for the treasury at a per share cost of $11. In December, 133 shares of treasury stock were sold for $14 per share. No dividends were declared in 2020. Prepare the journal entries for the following: (Credit occount titles are outomatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the occount titles and enter O for the amounts.) (1) Issuance of preferred stock for land. (2) Issuance of common stock for cash. (3) Purchase of common treasury stock for cash. (4) Sale of treasury stock for cash. No. Account Titles and Explanation Debit Credit 1. Land Preferred Stock Paid-in Capital in Excess of Par-Preferred Stock 2. Cash Commonstock Paid-in Capital in Excess of Stated Value-Common Stock 3. Treasury stock. 4. Canh Treasury Stock Paidin Capital from Treasury Stock

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