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Wingra Corporation was organized in March. It is authorized to issue 550,000 shares of $100...

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Wingra Corporation was organized in March. It is authorized to issue 550,000 shares of $100 par value 10% preferred stock. It is also authorized to issue 750,000 shares of $1 par value common stock. In its first year, the corporation has the following transactions: Mar. 1 Issued 10,000 shares of preferred stock at $115 per share. Mar. 2 Issued 140,000 shares of common stock at $13 per share. Apr. 10 Issued 15,000 shares of common stock for equipment valued at $196,000. The stock is currently trading at $12 per share, and is a more reliable indicator of the value of the equipment. Issued 10,000 shares of common stock at $15 per share. Issued 1,000 shares of preferred stock at $112 per share. Jun. 12 Aug. 5 Prepare the journal entries to record the transactions. If an amount box does not require an entry, leave it blank. Mar. 1 Mar. 2 Apr. 10 III III III III III III III III III III Jun. 12 Aug. 5

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