Swifty Corporation was organized on January 1, 2022. It is authorized to issue 12,000 shares of 8%, $100 par value preferred stock, and 462,000 shares of no-par common stock with a stated value of $3 per share. The following stock transactions were completed during the first year.

Jan.	10		Issued 77,000 shares of common stock for cash at $6 per share.
Mar.	1		Issued 5,500 shares of preferred stock for cash at $110 per share.
Apr.	1		Issued 25,000 shares of common stock for land. The asking price of the land was $88,000. The fair value of the land was $84,000.
May	1		Issued 76,500 shares of common stock for cash at $5.25 per share.
Aug.	1		Issued 12,000 shares of common stock to attorneys in payment of their bill of $44,000 for services performed in helping the company organize.
Sept.	1		Issued 12,000 shares of common stock for cash at $7 per share.
Nov.	1		Issued 3,000 shares of preferred stock for cash at $112 per share.

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Post to the stockholders' equity accounts. (Post entries in the order of journal entries presented in the previous part.) Preferred Stock Mar. 1 550,000 Nov. 1 300,000 Dec. 31 Bal. 850.000 Paid-in Capital in Excess of Par-Preferred Stock Mar 1 55000 V Nov. 1 36000 Dec. 31 Bal. 91000 Common Stock Jan. 10 231000 Apr. 1 75000 ADI. 1 I JUUU Mav 1 229500 Aug. 1 V 36000 V Sept. 1 36000 Dec. 31 Bal. 607500 Paid-in Capital in Excess of Stated Value-Common Stock Jan. 10 231000 Apr. 1 9000 Mav 1 172125 Aug. 1 8000 Ill! Sept. 1 48000 468125 V Dec. 31 Bal