In its first year of operations, Martinez Corporation had the following transactions pertaining to its $10 par value preferred stock. 
Instructions
(a) Journalize the transactions.
(b) Indicate the amount to be reported for (1) preferred stock, and (2) paid-in capital in excess of par value-preferred stock at the end of the year.
Definitions:
Exam Performance
The manner in which an individual executes their knowledge and skills during an examination.
Chocolate Ingestion
The act of consuming chocolate, which involves considerations of potential health impacts, including toxicity in pets and caloric content for humans.
Longitudinal Research
The study of developmental processes by taking repeated measures of the same group of participants at various stages of development.
Mental Abilities
The capacity to perform cognitive tasks, process information, and understand complex ideas.
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