Marigold Corporation was organized on January 1, 2022. It is authorized to issue 14,000 shares of...

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Marigold Corporation was organized on January 1, 2022. 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 $94,500. 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 Sept. 1 Nov. 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 organize. Issued 10,000 shares of common stock for cash at $7 per share. Issued 1,000 shares of preferred stock for cash at $109 per share. Journalize the transactions. (List all debit entries before credit entries. Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Jan. 10 Cash Common Stock Mar. 1 Cash Common Stock Apr. 1 Land Common Stock Paid-In Capital In Excess of Stated Value-Common Stock May 1 Cash Common Stock Aug. 1 Organization Expense Common Stock Sept. 1 V Cash Common Stock Nov. 1 Cash Common Stock Debit Credit 477000 572000 120000 356775 42500 70000 70000 Marigold Corporation was organized on January 1, 2022. 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 $94,500. 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 Sept. 1 Nov. 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 organize. Issued 10,000 shares of common stock for cash at $7 per share. Issued 1,000 shares of preferred stock for cash at $109 per share. Journalize the transactions. (List all debit entries before credit entries. Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Jan. 10 Cash Common Stock Mar. 1 Cash Common Stock Apr. 1 Land Common Stock Paid-In Capital In Excess of Stated Value-Common Stock May 1 Cash Common Stock Aug. 1 Organization Expense Common Stock Sept. 1 V Cash Common Stock Nov. 1 Cash Common Stock Debit Credit 477000 572000 120000 356775 42500 70000 70000