Swifty Corporation was organized on January It is authorized to issue shares of $ par value preferred stock, and shares of nopar common stock with a stated value of $ per share. The following stock transactions were completed during the first year.
Jan. Issued shares of common stock for cash at $ per share.
Mar. Issued shares of preferred stock for cash at $ per share.
Apr. Issued shares of common stock for land. The asking price of the land was $; the fair value of the land was $
May Issued shares of common stock for cash at $ per share.
Aug. Issued shares of common stock to attorneys in payment of their bill of $ for services rendered in helping the company organize.
Sept. Issued shares of common stock for cash at $ per share.
Nov. Issued shares of preferred stock for cash at $ per share.
Prepare the journal entries to record the above transactions. List all debit entries before credit entries. Credit account titles are
