10 minutes please

Question 1 [25 points) Starina wan authorized to issue 400.000 $2.00 preferred shares and 700,000 common shares. During November 2014 their first month of operation the following selected transactions occurred: a November 5 14.000 common shares were issued in exchange for land valued at $56,000 b November 13 14,000 of the common shares were issued for a total of $56,000 cash c. November 16 Issued 11,000 common shares at 56.00 per share for cash d. November 165.000 preferred shares and 7,000 common shares were issued at $300 and $1.00, respectively, cash o November 21 Gave the corporation's promoters 14,000 common shares for the services in organizing the corporation. The directors valued the services at 100.000 1 November 27 Issued 13,000 preferred shares at 52 60 per share for cash 9. November 30 6,000 of the preferred shares were issued for a total of $60,000 cash Prepare joumal entries for the above transactions. Enter the transaction letter as the description when entering the transactions in the journal Dates must be used in the format dimmm (ie January 15 would be 15/Jan) General Journal Account Explanation Pago GUS F Debit Credit Date 22 AM