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Prepare the journal entries for the Sunland Company transactions shown below:

Sunland Company had these transactions during the current period.

June 12 :Issued 84,000 shares of $1 par value common stock for cash of $315,000.

July 11:  Issued 4,000 shares of $105 par value preferred stock for cash at $113 per share.

Nov. 28 :Purchased 3,100 shares of treasury stock for $7,700.

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