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Oriole Company was organized on January 1, 2022. It is authorized to issue 15,000 shares of 8%,$100 par value preferred stock, and 456,000 shares of

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Oriole Company was organized on January 1, 2022. 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. Jan. 10 Issued 79.000 shares of common stock for cash at $4 per share. Mar. 1 Issued 5.000 shares of preferred stock for cash at $110 per share. Apr. 1 Issued 23.500 shares of common stock for tand. The asking price of the land was $94,500. The fair value of the land was $87,500. May 1 issued 77.500 shares of common stock for cash at $5.25 per stare. Aug. 1 Issued 11,000 shares of common stock to attorneys in payment of their bill of $45,000 for services performed in helping the compary organize. Sept. 1 Issued 11.000 shares of common stock for cash at $5 per share, Nov. 1 issued 2,000 shares of preferred stock for cash at $113 per share. Question 12 of 12 Question 12 of 12 Common Stock Paid-in Capital in Excess of Stated Value-Common Stock Cash Common Stock Paid-in Capital in Excess of Stated Value-Common Stock \begin{tabular}{|r|} \hline 47000 \\ \hline 40500 \\ \hline \end{tabular} 251875 Aug 1 Organization Expense 45000 Common Stock Paid-in Capital in Excess of Stated Value-Common Stock Uuestion 12 of 12 Sept. 1 Cash 55000 Common Stock Paid-in Capital in Excess of Stated Value-Common Stock 33000 Nov.1 Cash 226000 Preferred Stock Paid-in Capital in Excess of Par-Preferred Stock Post to the stockholders' equity accounts. (Post entries in the order of journal entries presented in the previous part. Question 12 of 12 Common Stock Question 12 of 12 Paid-in Capital in Excess of Stated Value-Common Stock

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