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On May 10, Metiock, Inc. issues 2,400 shares of $5 par value common stock for cash at $17 per share. Journalize the issuance of the stock. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) On June 1, Splish Brothers Inc. issues 3,000 shares of no-par common stock at a cash price of $9 per share. Journalize the issuance of the shares assuming the stock has a stated value of $1 per share. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Pronghorn Inc's $10 par value common stock is actively traded at a market price of $15 per share. Pronghorn issues 5.500 shares to purchase land advertised for sale at $93,500. Journalize the issuance of the stock in acquiring the land. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Skysong. Inc. issues 7.400 shares of $100 par value preferred stock for cash at $107 per share. Journalize the issuance of the preferred stock. (Credit account titles are automotically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) On July 1, Blue Spruce Corp. purchases 550 shares of its $5 par value common stock for the treasury at a cash price of $9 per share. On September 1 , it sells 200 shares of the treasury stock for cash at $12 per share. Journalize the two treasury stock transactions. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

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