Problem 11-1A: DeLong Corporation was organized on January 1, 2015. It is authorized to issue 12,000 shares of 8%, $100 par value preferred stock, and 474,200 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 85,000 shares of common stock for cash at $6 per share. Mar. 1 Issued 4,900 shares of preferred stock for cash at $106 per share. Apr. 1 Issued 22,300 shares of common stock for land. The asking price of the land was $87,900. The fair value of the land was $85,300. May 1 Issued 82,000 shares of common stock for cash at $4.38 per share. Aug. 1 Issued 11,900 shares of common stock to attorneys in payment of their bill of $37,500 for services performed in helping the company organize. Sept. 1 Issued 11,600 shares of common stock for cash at $6 per share. Nov. 1 Issued 2,810 shares of preferred stock for cash at $109 per share. Journalize the transactions. (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.) Debit Credit Date Account Titles and Explanation Jan. 10 Mar. Apr. 1 May 1 D Aug. 1 | Sept. 1 Nov. 1 N Post to the stockholders' equity accounts. (Post entries in the order of journal entries presented in the previous part.) Post to the stockholders' equity accounts. (Post entries in the order of journal entries presented in the previous part.) Preferred Stock Date Explanation Ref Debit Credit Balance Common Stock Date Explanation Ref Debit Credit Balance 1 H Hann H Hin Paid-in Capital in Excess of Par-Preferred Stock Date Explanation Ref 35 Debit Credit Balance J5 Paid-in Capital in Excess of stated Value-Common Stock Date Explanation Debit Ref Credit Balance Prepare the paid-in capital section of stockholders' equity at December 31, 2015. (Enter the account name only and do not provide the descriptive information provided in the question.) DELONG CORPORATION Balance Sheet (Partial) December 31, 2015