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Wildhorse Co. was organized on January 1, 2020. It is authorized to issue 14,500 shares of 835, $100 par value preferred stock and 533,000 shares

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Wildhorse Co. was organized on January 1, 2020. It is authorized to issue 14,500 shares of 835, $100 par value preferred stock and 533,000 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. Issued 78,000 shares of common stock for cash at $6 per share Mar Issued 4750 shares of preferred stock for cash at $ 105 per share. 2 Issued 24000 shares of common stock for land. The asking price of the land was $97.000. The fair value of the land was $87.000 Nav : ssus: 76 500 shares of common stock for cash at $4.25 per share su 11.000 sharss of common stockto attornos in payment of their bit of $42,000 for services cerformed in Spirts company organize. 1550 11500shares of common stock for cash at $5 per shara. 55433 4300 ans preferred stock for cash 2: 5:08 par shara, zahrazat ens. Record anal entries in the ordererearted in the problem dealdacrcuntzan auramaccata da mesored. Do not indent manual incendre au deze eet No Charcounts ander for the Account Tilles and explanation Debit Credit 7

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