St. Marie Company is authorized to issue 1,000,000 shares of $5 par value preferred stock and 5,000,000 shares of $1 stated value common stock. During the year, the company has the following transactions.

Treasury Stock	Building	Common Stock
Additional Paid-in Capital from Common Stock	Cash	Land
Retained Earnings	Common Stock Dividend Distributable	Cash Dividends Payable
Preferred Stock	Equipment	Additional Paid-in Capital from Preferred Stock

Using the accounts listed above, journalize the transactions and calculate how many shares of stock are outstanding at August 3.

PLEASE NOTE: For accounts having similar accounting treatment (DR or CR), you are to record accounts in the same order as shown in the textbook. You must enter the account names exactly as written above and all whole dollar amounts will be with "$" and commas as needed (i.e. $12,345).

• Jan. 31 - Issued 140,000 common shares at $10 share:

• DR
  CR
  CR

• Jun. 10 - Issued 160,000 preferred shares in exchange for land with a clearly determined value of $850,000:

• DR
  CR
  CR

• Aug. 03 - Issued 10,000 common shares at $9 per share:

• DR
  CR
  CR

• How many shares of common stock are outstanding at August 3? (Use comma placements as needed.)
• How many shares of preferred stock are outstanding at August 3? (Use comma placements as needed.)