Answer and Explanation:
According to the scenario, computation of the given data are as follow:
Journal entries
On Jan. 10 
Cash A/c ($6 × 84,500)       Dr.    $507,000
  To Common stock A/c    ($3 ×84,500)          $253,500
  To Paid in capital in excess of stated value common stock A/c  $253,500      
On Mar. 1 
Cash A/c($110 × 5,150) A/c       Dr.      $566,500
      To Preferred stock A/c ($100 × 5150)      	$515,000
     To Paid in capital in excess of par –preferred stock A/c    $51,500
  (Being the issuance of the preferred stock is recorded) 
On April 1 
Land A/c            Dr.       $81500
     To Common stock A/c ($3 × 23,500)  $70,500
     To Paid in capital in excess of stated value common stock A/c    $11,000
  (Being the issuance of the common stock is recorded) 
On May 1 
Cash A/c ($5 × 84,000)           Dr.       $420,000
     To Common stock A/C($3 × 84,000)        $252,000
     To Paid in capital in excess of stated value common stock A/c      $168,000
  (Being the issuance of the common stock is recorded) 
On Aug. 1 
Organizational expenses A/c             Dr.      $39,500
      To Common stock A/c ($3 × 10,000)       $30,000
      To Paid in capital in excess of stated value common stock A/c      $9,500
  (Being the issuance of the common stock is recorded) 
On Sep 1 
Cash A/c ($7 × 11,500)      Dr.      $80,500
        To Common stock ($3 × 11,500)         $34,500
         To Paid in capital in excess of stated value common stock A/c   $46,000
  (Being the issuance of the common stock is recorded) 
On Nov 1 
Cash A/c ($111 × 2,000)      Dr.      $222,000
        To Preferred stock A/c ($100 × 2,000)       $200,000
        To Paid in capital in excess of par-preferred stock A/c        $22,000
  (Being the issuance of the preferred stock is recorded)