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:

Journalize the transactions.

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Mar. 1 Mar. 2 Apr. 10 Jun. 12 Aug. 5 Issued 10,000 shares of preferred stock at $115 per share Issued 120,000 shares of common stock at $12.50 per share 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. Issued 10,000 shares of common stock at $15 per share Issued 1,000 shares of preferred stock at $112 per share