Please help with this multi-step problem. Thanks.
Problem 11-1A Whispering Winds Corp. was organized on January 1, 2019. It is authorized to issue 14,000 shares of 8%, $100 par value preferred stock, and 497,000 shares of no-par common stock with a stated value of $3 per share. The following stock transactions were completed during the first year: Jan. 10 Issued 79,500 shares of common stock for cash at $6 per share. Mar. 1 Issued 5,200 shares of preferred stock for cash at $110 per share. Apr. 1 Issued 24,000 shares of common stock for land. The asking price of the land was $94,500. The fair value of the land was $83,500. May 1 Issued 79,500 shares of common stock for cash at $4.50 per share. Aug. 1 Issued 10,000 shares of common stock to attorneys in payment of their bill of $42,500 for services performed in helping the company organize. Sept. 1 Issued 10,000 shares of common stock for cash at $7 per share. Nov. 1 Issued 1,000 shares of preferred stock for cash at $109 per share. Journalize the transactions. (Record journal entries in the order presented in the problem. 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 o for the amounts.) Date Account Titles and Explanation Debit Credit Journalize the transactions. (Record journal entries in the order presented in the problem. 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 o for the amounts.) Date Account Titles and Explanation Debit Credit SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT VIDEO: SIMILAR PROBLEM Post to the stockholders' equity accounts. (Post entries in the order of journal entries presented in the previous part.) Preferred Stock Post to the stockholders' equity accounts. (Post entries in the order of journal entries presented in the previous part.) Preferred Stock Paid-in Capital in Excess of Par Value-Preferred Stock Common Stock Common Stock Paid-in Capital in Excess of Stated Value-Common Stock Paid-in Capital in Excess of stated value-Common Stock SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT VIDEO: SIMILAR PROBLEM Prepare the paid-in capital section of stockholders' equity at December 31, 2019. (Enter the account name only and do not provide the descriptive information provided in the question.) Whispering Winds Corp. Balance Sheet (Partial) Prepare the paid-in capital section of stockholders' equity at December 31, 2019. (Enter the account name only and do not provide the descriptive information provided in the question.) Whispering Winds Corp. Balance Sheet (Partial) Click if you would like to Show Work for this question: Open Show Work
