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Problem 13-01A a-c Delong Corporation was organized on January 1, 2020. It is authorized to issue 10,000 shares of 8%, $100 par value preferred stock,

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Problem 13-01A a-c Delong Corporation was organized on January 1, 2020. It is authorized to issue 10,000 shares of 8%, $100 par value preferred stock, and 500,000 shares of par common stock with a stated value of $2 per share. The following stock transactions were completed during the year Jan 10 Issued 80,000 shares of common stock for cash at $4 per share Mar 1 Issued 5,000 shares of preferred stock for cash at $105 per share Ar 1 und 24,000 shares of common stock for land. The asking price of the land wat $90,000. The fair value of the land was $85,000 May 1 Issued 80,000 shares of common stock for cash at 45 per share Augssued 10,000 shares of common stock to attorneys in payment of their be of $30,000 for servicns performed in heving the company orgerton, Sept. 1 Issued 10,000 shares of common stock for that per share Nov. 1 Issued 1,000 shares of preferred stock for cash at $100 per share Journalize the transactions. (Hecorul journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do net indent

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