Question 10 Santiago Corp., a publicly traded company, had 2.600 preferred shares issued with a balance of 557200 and 147,000 common shares issued with a balance of 5735,000 at the beginning of the year. The following share transactions occurred during the year: June 12 Issued 49,700 common shares for $6 per share July 11 Issued 1,000 preferred shares for $24 per share Oct. 1 Issued 10,000 common shares in exchange for land. The common shares were trading for 57 per share on that date. The fair value of the land was estimated to be 75,100. Nov. 15. Issued 26,600 preferred shares for $28 per share, FULL SCREEN PRINTER VERSION BACK NEXT Your answer is partially correct. Try again. Record the above transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Date Account Titles and Explanation Credit Tune 12 Cash Common Shares July 11 Cash Preferred Shares T 24000 Oct. 1 20000 Preferred Shares 1 20000 Nov. 15 Cash 744900 Preferred Shares SHOW LIST OF ACCOUNTS LINK TO TEXT