Pharoah Corporation's charter authorized issuance of 96,000 shares of $10 par value common stock and 50,400 shares of $50 preferred stock. The following transactions involving the issuance of shares of stock were completed. Each transaction is independent of the others.

1. Issued a $9,100, 10% bond payable at par and gave as a bonus one share of preferred stock, which at that time was selling for $103 a share.

2. Issued 510 shares of common stock for equipment. The equipment had been appraised at $6,500; the seller's book value was $6,600. The most recent market price of the common stock is $16 a share.

3. Issued 381 shares of common and 101 shares of preferred for a lump sum amounting to $9,900. The common had been selling at $14 and the preferred at $60.

4. Issued 190 shares of common and 55 shares of preferred for equipment. The common had a fair value of $16 per share; the equipment has a fair value of $6,100.

Record the transactions listed above in journal entry form. (Round Round intermediate calculations to 6 decimal places, e.g. 0.546872 and final answers to 0 decimal places, e.g. $38,487. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

No.

Account Titles and Explanation

Debit

Credit

1.

2.

3.

4.