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Monty Corp. was organized on January 1, 2017. It is authorized to issue 23,500 shares...

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Accounting

Monty Corp. was organized on January 1, 2017. It is authorized to issue 23,500 shares of 6%, $53 par value preferred stock and 459,000 shares of no-par common stock with a stated value of $1 per share. The following stock transactions were completed during the first year.

Jan. 10 Issued 69,500 shares of common stock for cash at $4 per share.
Mar. 1 Issued 1,190 shares of preferred stock for cash at $54 per share.
May 1 Issued 114,500 shares of common stock for cash at $7 per share.
Sept. 1 Issued 4,900 shares of common stock for cash at $9 per share.
Nov. 1 Issued 2,900 shares of preferred stock for cash at $54 per share.

Post to the stockholders equity accounts

Prepare the paid-in capital portion of the stockholders equity section at December 31, 2017.

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