Wingra Corporation was organized in March. It is authorized to issue 500,000 shares of $100 par value 8% preferred stock. It is also authorized to issue 750,000 shares of $1 par value common stock. In its first year, the - corporation has the following transactions: Mar. 1 Issued 10,000 shares of preferred stock at $115 per share Mar. 2 Issued 120,000 shares of common stock at $12.50 per share Apr. 10 Issued 15.000 shares of common stock for equipment valued at $196,000. The stock is currently trading at $12 per share, and is a more reliable indicator of the value of the equipment Jun. 12 Issued 10,000 shares of common stock at $15 per share Aug. 5 Issued 1,000 shares of preferred stock at $112 per share Journalize the transactions General Journal Date Description Debit Credit