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PREPARE ALL JOURNALS AS TOLD IN THE PHOTO Wildhorse Corporation was organized on June 1 , 2 0 2 0 . It is authorized to

PREPARE ALL JOURNALS AS TOLD IN THE PHOTO
Wildhorse Corporation was organized on June 1,2020. 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 Issued 165,000 shares of common stock for cash at $5 per share.
June 30, Issued 27,300 shares of preferred stock for cash at $101 per share.
Aug. 15 Issued 20,600 shares of common stock for a factory building. The asking price of the factory building was $154,500;
the appraised value of the factory building was $144,200.
Sept. 1, Issued 203,000 shares of common stock for cash at $7 per share.
Oct. 1 Issued 4,800 shares of common stock to attorneys in payment of their bill of $38,400 for services rendered in helping
the company organize.
Oct. 15 Issued 24,300 shares of common stock for cash at $8.50 per share.
Nov. 1, Issued 6,600 shares of preferred stock for cash at $103 per share.
Prepare the journal entries to record the above transactions.
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