Danielle Corporation is authorized to issue 100,000 shares of $5 stated value common stock and 2,000 shares of $100 par value, 8 percent preferred stock. Prepare entries in journal form without explanations to record the following transactions:
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Apr.
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15
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Issued 1,000 shares of common stock to an attorney for a bill of $9,000 for services rendered.
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25
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Issued 1,000 shares of preferred stock for cash of $115 per share.
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27
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Issued 8,000 shares of common stock in exchange for land for a plant site valued at $50,000.
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May
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1
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Issued 15,000 shares of common stock for $90,000 in cash.
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