On May 23, Washburn Realty Inc. issued for cash 81,000 shares of no-par (with a stated value of $5 ) at $7. On July 6. Washburn Realty Inc. issued at par value 44,000 shares of preferred 1% stock, $10 par for cash. On September 15 , Washburn Realty Inc. issued for cash an additional 20,000 shares of no-par common stock (with a stated value of $5 ) for $23. Required: Journalize the entries to record the May 23, July 6, and September 15 transactions. Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered. CHART OF ACCOUNTS Washburn Realty Inc. General Ledger ASSETS REVENUE 110 Cash 410 Sales 120 Accounts Receivable 610 Interest Revenue 131 Notes Receivable 132 Interest Receivable EXPENSES 141 Merchandise Inventory 510 Cost of Merchandise Sold 145 Office Supplies 515 Credit Card Expense 151 Prepaid Insurance 520 Salaries Expense 181 Land 531 Advertising Expense 193 Equipment 532 Delivery Expense 194 Accumulated Depreciation-Equipment 533 Selling Expenses 534 Rent Expense LIABILITIES 535 Insurance Expense 210 Accounts Payable 536 Office Supplies Expense 221 Notes Payable 537 Organizational Expenses 226 Interest Payable 562 Depreciation Expense-Equipment 231 Cash Dividends Payable 590 Miscellaneous Expense All transactions on this page must be entered (except for post ref(s)) before you will receive Check My Work feedback