On May 10, a company issued for cash 1,400 shares of no-par common stock (with a stated value of $3) at $14, and on May 15, it issued for cash 4,000 shares of $16 par preferred stock at $58.

Journalize the entries for May 10 and 15, assuming that the common stock is to be credited with the stated value. If an amount box does not require an entry, leave it blank or enter "0".

May 10	Cash
	Common Stock
	Paid-In Capital in Excess of Stated Value-Common Stock
May 15	Cash
	Preferred Stock
	Paid-In Capital in Excess of Par-Preferred Stock