Stated Value, Common and Preferred Stock, and Noncash Assets

Kris Kraft Stores had the following stock transactions during the year:

(a)	Issued 3,900 shares of no-par common stock with a stated value of $10 per share for $39,000 cash.
(b)	Issued 5,900 shares of no-par common stock with a stated value of $8 per share for $49,030 cash.
(c)	Issued 4,900 shares of no-par, 6% preferred stock with a stated value of $15 per share for $73,500 cash.
(d)	Issued 10,100 shares of $5 par common stock for land with a fair market value of $50,500.
(e)	Issued 10,200 shares of $7 par common stock with a $8 fair market value for a building with an uncertain fair market value.
(f)	Issued 7,800 shares of $50 par, 8% preferred stock for land with a fair market value of $395,470.

Required:

Prepare general journal entries for these transactions, identifying each by letter.

Page:

	DATE	ACCOUNT TITLE	DOC. NO.	POST. REF.	DEBIT	CREDIT
1	a.				fill in the blank 2	fill in the blank 3	1
2					fill in the blank 5	fill in the blank 6	2
3							3
4	b.				fill in the blank 8	fill in the blank 9	4
5					fill in the blank 11	fill in the blank 12	5
6					fill in the blank 14	fill in the blank 15	6
7							7
8	c.				fill in the blank 17	fill in the blank 18	8
9					fill in the blank 20	fill in the blank 21	9
10							10
11	d.				fill in the blank 23	fill in the blank 24	11
12					fill in the blank 26	fill in the blank 27	12
13							13
14	e.				fill in the blank 29	fill in the blank 30	14
15					fill in the blank 32	fill in the blank 33	15
16					fill in the blank 35	fill in the blank 36	16
17							17
18	f.				fill in the blank 38	fill in the blank 39	18
19					fill in the blank 41	fill in the blank 42	19
20					fill in the blank 44	fill in the blank 45	20