Answer:
The Journal entries are as follows:
(i) cash  A/c           Dr. $84,000
To Common stock, $10 par value      $70,000 
To Paid-in capital in excess of par value, Common stock   $14,000
(To record the  issuance of stock)
(ii) Organization expenses  A/c           Dr. $55,000
To Common stock, $2 stated value                                    $7,000 
To Paid-in capital in excess of stated value, Common stock   $48,000
(To record the  issuance of stock)
(iii) Organization expenses A/c    Dr. $55,000
To Common stock, no-par value                       $55,000
(To record the  issuance of stock)
(iv) Cash A/c                    Dr. $142,500
To Preferred stock, $50 par value[1,750 × $50)                  $87,500
To Paid-in capital in excess of par value, preferred stock  $55,000
(To record the  issuance of stock)