The following is the Paid In Capital section of stockholders

equity
The following is the Paid In Capital section of stockholders equity

The following is the Paid-In Capital section of stockholders' equity for the Kodokan
Corporation on June 1, 201X:
Paid-In Capital:
Preferred Stock, $92 par, authorized 21,000 shares, 6,000 shares issued..........$ 552,000
Paid-In Capital in Excess of Par Value-Preferred Stock..............................100,000
Common Stock, $29 par, authorized 51,000 shares, 20,000 shares issued...........580,000
Paid-In Capital in Excess of Par Value-Common Stock..............................165,000
Total Paid-In Capital......................................................................$1,397,000
The following transactions occurred in the months of June and July:
201X
June 1 Issued 3,100 shares of preferred stock at $110 per share.
2 Issued 7,100 shares of common stock at $42 per share.
15 Issued 8,000 shares of common stock at $40 per share.
July 2 Issued 5,100 shares of preferred stock at $102 per share.
18 Issued 1,700 shares of common stock in exchange for building and land with fair market
value of $61,000 and $55,000, respectively.
1. Journalize the entries and update the stockholders' equity ledger.
2. Prepare a new Paid-In Capital section of stockholders' equity as of July 31, 201X.

The following is the Paid In Capital section of stockholders equity

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