Whitten Corporation was organized on January 1, 2012. It is authorized to issue 21,200 shares of 5%, $50 par value preferred stock and 548,800 shares of no-par common stock with a stated value of $3 per share. The following stock transactions were completed during the first year.
| Jan. 10 |
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Issued 73,200 shares of common stock for cash at $4 per share. |
| Mar. 1 |
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Issued 12,300 shares of preferred stock for cash at $54 per share. |
| May 1 |
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Issued 134,100 shares of common stock for cash at $5 per share. |
| Sept. 1 |
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Issued 5,000 shares of common stock for cash at $7 per share. |
| Nov. 1 |
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Issued 3,200 shares of preferred stock for cash at $57 per share
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Journalize the transactions.