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What am I doing wrong in the second and third sections? Please help Problem 13-01A a-c DeLong Corporation was organized on January 1, 2020. It

What am I doing wrong in the second and third sections? Please help

Problem 13-01A a-c

DeLong Corporation was organized on January 1, 2020. It is authorized to issue 10,000 shares of 8%, $100 par value preferred stock, and 500,000 shares of no-par common stock with a stated value of $2 per share. The following stock transactions were completed during the first year.

Jan. 10 Issued 80,000 shares of common stock for cash at $4 per share.
Mar. 1 Issued 5,000 shares of preferred stock for cash at $105 per share.
Apr. 1 Issued 24,000 shares of common stock for land. The asking price of the land was $90,000. The fair value of the land was $85,000.
May 1 Issued 80,000 shares of common stock for cash at $4.5 per share.
Aug. 1 Issued 10,000 shares of common stock to attorneys in payment of their bill of $30,000 for services performed in helping the company organize.
Sept. 1 Issued 10,000 shares of common stock for cash at $5 per share.
Nov. 1

Issued 1,000 shares of preferred stock for cash at $109 per share.

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Apr. 1 Issued 24,000 shares of common stock for land. The asking price of the land was $90,000. The fair value of the land was $85,000. May 1 Issued 80,000 shares of common stock for cash at $4.5 per share. Aug. 1 Issued 10,000 shares of common stock to attorneys in payment of their bill of $30,000 for services performed in helping the company organize. Sept. 1 Issued 10,000 shares of common stock for cash at $5 per share. Nov. 1 Issued 1,000 shares of preferred stock for cash at $109 per share. Your answer is partially correct. Try again. Journalize the transactions. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Pan. 10 Cash 320,000 Common Stock T 1160,000 Paid-in Capital in Excess of Stated Value-Common Stock T160,000 Mar. 1 Cash 1525,000 1500,000 Preferred Stock Paid-in Capital in Excess of Par-Preferred Stock 125,000 Apr. 11 TLand) 185,000 Common Stock 748,000 Paid-in Capital in Excess of Stated Value-Common Stock 137,000 May 1 Cash 360,000 Common Stock T160,000 TPaid-in Capital in Excess of Stated Value-Common Stock 200,000 Aug. 1 Organization Expense 130,000 Common Stock) T20,000 Paid-in Capital in Excess of Stated Value-Common Stock 110,000 Sept. 1 Cash 150,000 Common Stock 720,000 Paid-in Capital in Excess of Stated Value-Common Stock 130,000 Nov. 11 Cash 100,000 Preferred Stock 7100,000 [Paid-in Capital in Excess of Par-Preferred Stock 19,000 Preferred Stock | 500,000 ||100,000 1600,000 Common Stock ||160,000 ||48,000 [160,000 ||20,000 120,000 ||408,000 naroddard,deddfil cai Paid-in Capital in Excess of Par-Preferred Stock x = T125.000 DOD DOLILJ JOJ JONOLI || 9,000 || 35,000 Paid-in Capital in Excess of Stated Value-Common Stock 160,000 x= 37,000 ||200,000 10,000 T30,000 ||437,000 Your answer is partially correct. Try again. Prepare the paid-in capital section of stockholders' equity at December 31, 2020. (Enter the account name on information provided in the question.) DELONG CORPORATION Balance Sheet (Partial) December 31, 2020 Paid-in Capital Capital Stock Preferred Stock $1600,000 Common Stock [264,000 Total Capital Stock x 864,000 Additional Paid-in Capital Paid-in Capital in Excess of Par-Preferred Stock $134,000 Paid-in Capital in Excess of Stated Value- Common Stock 257,000 Total Additional Paid-in Capital 291,000 X 1,155,000 Total Paid-in Capital

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