Willow Creek Nursery, with an authorization of 75,000 shares of preferred stock and 200,000 s October 1, the first day of operations. The trial balance at the close of the day follows: Cash Land Buildings Preferred 1% Stock, $80 par Paid-In Capital in Excess of Par-Preferred Stock Common Stock, $30 par Paid-In Capital in Excess of Par-Common Stock shares of common stock, completed several transactions involving its stock on 3,780,000 840,000 2,380,000 2,800,000 420,000 3,600,000 180,000 7,000,000 7,000,000 issued in exchange for the land and bulldings All shares within each class of stock were sold at the same price. The preferred stock was Journalize the entries to record the (1) common and (2) preferred stock transactions summarized in For a compound transaction, if an amount box does not require an entry, leave it blank For a compound transaction, if an amount box does not require an entry, leave it blank. Previous Nex Check My Work Email