Autumn Corporation was organized in August. It is authorized to issue 100,000 shares of $100 par value 7% preferred stock. It is also authorized to issue 500,000 shares of $5 par value common stock. During the year, the corporation had the following transactions:

Journalize the transactions.

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Aug. 22 Sep. 3 Oct. 11 Nov. 12 Dec. 5 Issued 2,000 shares of preferred stock at $105 per share Issued 80,000 shares of common stock at $13.25 per share Issued 12,000 shares of common stock for land valued at $156,000. The stock is currently trading at $12 per share, and the stock's trading value is a more accurate determinant of the land's value. Issued 5,000 shares of common stock at $15 per share Issued 1,000 shares of preferred stock at $112 per share