Sunland Corporation was organizad on January $1,2020.$ It is authorized to issue $10,300$ shares of $8\%,$$$100$ par value preferred stock,

and $549,000$ shars of ns$-$par common stock with a stated value of $$1$ per share. Tha following stock trangactions ware cempleted

during the firstyzar.

company orzanize.

Prapare the journal entriss to racord the above transactions. $($Credit occount titles are outomatically indented when amount is entered. Do

not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts.$)$

Here are the label to the problems:

Bonds Payable

Buildings

Cash

Cammon Stock

Cammon Stock Dividend Distributable

Debt Investments

Dividends Payable

Discount on Bonds Payable

Equipment

Equity Invastmants

Income Summary

Land

Legal Fees Expense

No Entry

Organization Expense

Paid$-$in Capital from Treasury Stock

Paid$-$in Capital in Excess of Par $-$ Common Stock

Paid$-$in Capital in Excess of Par $-$ Preferred Stock

Paid$-$in Capital in Excess of Stated Value $-$ Common Stock

Preferred Stock

Property Dividends Payable

Retained Earnings

Retained Earnings Appropriated for Plant Expansion

Share Capital$-$Ordinary

Share Capital$-$Preference

Share Premium$-$Conversion Equity

Share Premium$-$Ordinary

Share Premium$-$Preference

Treasury Stock

Unamortized Bond Issue Costs

Unrealized Holding Gain or Loss $-$ Income