Required: lournalize the entries to record the foregoing transactions. For a compound transaction, if an amount box does not require an entry, leave it blank. May 11. Issued 60,000 shares of dinmon stock in exchange for land and a bulding, according to the plan. May 20. Issued 50,000 shares of preferred stock, recelving $55 per share in cash. May 31. Borrowed $4,800,000 ftom Laurel National, giving a 6% mortgape