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Oriole Corporation was organized on June 1, 2025. It is authorized to issue 100,000 shares of 5%, $100 par value preferred stock, and 1,750,000 shares

Oriole Corporation was organized on June 1, 2025. It is authorized to issue 100,000 shares of 5%, $100 par value preferred stock, and 1,750,000 shares of no par common stock with a stated value of $1 per share. The following stock transactions were completed during the first year: June 15 June 30 Aug. 15 Sept. 1 Oct. 1 Oct. 15 Nov. 1 Issued 166,000 shares of common stock for cash at $5 per share. Issued 26,000 shares of preferred stock for cash at $102 per share. Issued 19,700 shares of common stock for a factory building. The asking price of the factory building was $147,750; the appraised value of the factory building was $137,900. Issued 199,000 shares of common stock for cash at $7 per share. Issued 5,100 shares of common stock to attorneys in payment of their bill of $40,800 for services rendered in helping the company organize. Issued 23,800 shares of common stock for cash at $8.50 per share. Issued 6,400 shares of preferred stock for cash at $104 per share. Prepare the journal entries to record the above transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List all debit entries before credit entries. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit
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Oriole Corporation was organized on June 1,2025. It is authorized to issue 100,000 shares of 5$,$100 par value preferted stock. and 1750,000 shares of ho par common stock with a stated value of 51 per share. The following stock transactlons wero completed during the first year: June 15 issued 166,000 shares of commonstock for cash at $5 per share. Aug 15 Issued 19,700 shares of commonstock forafactory bulding The asking price of the factory building was 5147,750: the appraised value of the factory building was $137.900. Sept 1 Istued 199.000 shares of common stock for cash at $7. pur shace. Oct 1 Bsued 5,100 shares of common stock to attorneys in payment of their bill of $40,800 for services rendered in helpins the company organize. Now.1 issued 6.100 shares of preferred stockfor cash at \$104 per share. Propare the journal entries to record the above transictions. (Credit occount tilles are automaticaliy indented when the amount is entered: Do not indent manually. If no entry is required, select "No Entry" for the account tities and enter 0 for the amounts. Ust all debit entries before creditentries Record foumal chones in the order preserited tin the problem.]

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