Alexia Corporation was organized on January 1, 2012. It is authorized to issue 14,510 shares of 8%, $100 par value preferred stock, and 459,900 shares of no-par common stock with a stated value of $2 per share. The following stock transactions were completed during the first year.
Jan. 10 Issued 83,490 shares of common stock for cash at $4 per share.
Mar. 1 Issued 4,360 shares of preferred stock for cash at $104 per share.
Apr. 1 Issued 23,380 shares of common stock for land. The asking price of the land was $88,290. The fair market value of the land was $87,070.
May 1 Issued 80,170 shares of common stock for cash at $7.20 per share.
Aug. 1 Issued 11,840 shares of common stock to attorneys in payment of their bill of $40,300 for services provided in helping the company organize.
Sept. 1 Issued 11,340 shares of common stock for cash at $9 per share.
Nov. 1 Issued 2,630 shares of preferred stock for cash at $112 per share.

Journalize the transactions. (For multiple debit/credit entries, list amounts from largest to smallest e.g. 10, 5, 3, 2. If amounts are the same, list alphabetically.)

Post to the stockholders' equity accounts. (Use J5 as the posting reference.) (If answer is zero, please enter 0. Do not leave any fields blank.)

Prepare the paid-in capital section of stockholders' equity at December 31, 2012.