First response was incorrect A corporation was organized on January 1 of the current year with an authorization of 20,000 shares of 4%, $12 par preferred stock and 100,000 shares of $3 par common...

First response was incorrect

A corporation was organized on January 1 of the current year with an authorization of 20,000 shares of 4%, $12 par preferred stock and 100,000 shares of $3 par common stock.

The following selected transactions were completed during the first year of operations:

Required:

Journalize the above transactions. If an amount box does not require an entry, leave it blank.