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WileyPLUS (new) 23.26 / 74 Question 18 of 19 View Policies Show Attempt History Current Attempt in Progress Blossom Company was organized on January 1,

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WileyPLUS (new) 23.26 / 74 Question 18 of 19 View Policies Show Attempt History Current Attempt in Progress Blossom Company was organized on January 1, 2022. It is authorized to issue 14.500 shares of 8%, $100 par value preferred stock and 450,000 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 Mar 1 Apr 1 Issued 84,500 shares of common stock for cash at $o per share. Issued 5.150 shares of preferred stock for cash at $110 per share Issued 23,500 shares of common stock for land. The asking price of the land was $91.000. The fair value of the land was $81.500 Issued 84,000 shares of common stock for cash at $5.00 per share Issued 10.000 shares of common stock to attorneys in payment of their bill of $39.500 for services performed in helping the company organize May 1 Aug 1 Sept 1 Issued 11.500 shares of common stock for cash at 57 per share Nov 1 Issued 2.000 shares of preferred stock for cash at $111 per share. Your answer is partially correct 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. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit Jan 10 in Cancer Courant Can 565500 Paid Colored Stock Art 93000 Common stock 70000 St 20500 Mayt 0000 Commons instance or SV Common Stock Aue 1 39500 in Capitan Cono Stock 5500 Sept. Car 3500 Nov1 Cooc eTextbook and Media (b) Post to the stockholders' equity accounts (Post entries in the order of journal entries presented in the previous part) Preferred Stock Paid-in Capital in Excess of Par-Preferred Stock Common Stock Pald-in Capital in Excess of Stated Value-Common Stock Common Stock 111 Paid-in Capital in Excess of Stated Value-Common Stock LLLLLL

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