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Oriole Company was organized on January 1, 2019. It is authorized to issue 15,000 shares of 8%, $100 par value preferred stock, and 456.000 shares

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Oriole Company was organized on January 1, 2019. It is authorized to issue 15,000 shares of 8%, $100 par value preferred stock, and 456.000 shares of no-par common stock with a stated value of $2 per share. The following stock transactions were completed during the first year: Quest Account Jan 10 Questi Account 1 Mar. Apr 1 Questi Accountin May Aug Issued 79,000 shares of common stock for cash at $4 per share. Issued 5,000 shares of preferred stock for cash at 5110 per share. Issued 23,500 shares of common stock for land. The asking price of the land was $94,500. The fair value of the land was $87.500. Issued 77.500 shares of common stock for cash at $5.25 per share. Issued 11.000 shares of common stock to attorneys in payment of their bill of $45.000 for services performed in helping the company organite. Issued 11,000 shares of common stock for cash at $5 per share. Issued 2.000 shares of preferred stock for cash at $113 per share. 1 1 Sept Nov. Questio Accounting 1 1 Questior (a) Journalize the transactions. (Record journal entries in the order presented in the problem. Credit account titles are automatical indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and ente the amounts.) Date Account Titles and Explanation Debit Credi

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