CALCULATOR FULL SCREEN PRINTER VERSION BACK NEXT Question 1 Marigold Corporation was organized on January 1, 2020. It is authorized to issue 14,000 shares of 8%, $100 par value preferred stock, and 497,000 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 Issued 79,500 shares of common stock for cash at $6 per share Mar. 1 Issued 5,200 shares of preferred stock for cash at $110 per share Apr. 1 Issued 24,000 shares of common stock for land. The asking price of the land was 594,500. The fair value of the land was $83,500. May 1 Issued 79,500 shares of common stock for cash at $4.50 per share. Aug 1 Issued 10,000 shares of common stock to attorneys in payment of their bill of $42,500 for services performed in helping the company organicze. Sept. 1 Issued 10,000 shares of common stock for cash at $7 per share Nov. 1 Issued 1,000 shares of preferred stock for cash at $109 per share. Your answer is correct Journal the transactions. (Record journal entries in the order presented in the problem. Credit accounties are automatically indented when amount is entered. Do not indent manually Date Account Tities and Explanation Debit Credit Your answer is partially correct. Try again. Post to the stockholders' equity accounts. (Post entries in the order of journal entries presented in the previous part.) Preferred Stock Common Stock DDDDDDDD obl ddll CALO Pald-in Capital In Excess of Par-Preferred Stock 11 + Paid-in Capital in Excess of Stated Value-Common Stock bil SHOW LIST OF ACCOUNTS x Your answer is incorrect. Try again. Prepare the paid-in capital section of stockholders' equity at December 31, 2020. (Enter the account name only and do n MARIGOLD CORPORATION Balance Sheet (Partial) UID