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Post to the stockholders' equity accounts. (Post entries in the order of journal entries presented in the previous part.) Preferred Stock Mar 1 550000 Nov. 1 200000 Bal 750000 Common Stock May 1 Aug 1 2 Sept. 1 Nov 1 : : Paid-in Capital in Excess of Par-Preferred Stock Jan. Mar. 1 Apr. 1 May 1 Aug. 1 Sept. 1 Nov. 1 Bal. Paid-in Capital in Excess of Stated Value-Common Stock 47 : + 4 + * . uestion 1 of 4 9.71 / 30 Jan 10 Cash 453000 Common Stock 226500 Paldin Capitalin Excess of Stated Value-Common Stock 226500 Mar. 1 0 -Cash 605000 Preferred Stock 550000 Paid in Capital in excess of Par Preferred Stock 55000 Apr. 1 Land 80000 Common Stock 67500 Paid in Capital in Excess of Stated Value-Common Stock 12500 May 1 Cash 346375 Common Stock 244500 tv S " A Pald-in Capital in excess of Stated Value Common Stock 101875 Aug 1 . Organization Expense 39500 Common Stock 34500 Pald-in Capital in Excess of Stated Value-Common Stock 5000 Sept. 1 Cash 72000 Common Stock 36000 Paid in Capitalin Excess of Stated Value Common Stock 36000 Nov. 1 Cash 220000 Preferred Stock 200000 Paid in Capital in Excess of Par Preferred Stock 20000 e Textbook and Media VITY Show Attempt History Current Attempt in Progress Sheffield Corporation was organized on January 1, 2022. It is authorized to issue 11,000 shares of 8%, $100 par value preferred stock, and 520,000 shares of no-par common stock with a stated value of $3 per share. The following stock transactions were completed during the first year. Jan. 10 Mar. 1 . 1 May 1 Issued 75,500 shares of common stock for cash at $6 per share. Issued 5,500 shares of preferred stock for cash at $110 per share Issued 22.500 shares of common stock for land. The asking price of the land was $85.500 The fair value of the land was $80,000 Issued 81,500 shares of common stock for cash at $425 per share. Issued 11.500 shares of common stock to attorneys in payment of their bill of $39,500 for services performed in helping the company organize Issued 12.000 shares of common stock for cash at 56 per share. Issued 2,000 shares of preferred stock for cash at 5110 per share. Aug 1 Sept 1 Nov 1