20 minutes please

Question 1 [25 points] Jelor Inc. was authorized to issue 400.000 $2.00 preferred shares and 700.000 common shares. During November 2014 their first month of operations, the following selected ransactions occurred: a November 4 Gave the corporation's promoters 11.000 common shares for ther services in organizing the corporation. The directors valued the services at $66.000, b. November 6 Issued 14,000 preferred shares at $6.00 per share for cash November 16 14,000 of the preferred shares were issued for a total of $70,000 cash d. November 17 Issued 10,000 common shares at $3,50 per share for cash o November 2013,000 of the common shares were issued for a total of $39.000 cash. 1. November 25: 7.000 preferred shares and 11,000 common shares were issued at $7.00 and $3.00, respectively, cash 9. November 28 10,000 common shares were issued in exchange for land valued at $40,000 Prepare Journal entries for the above transactions. Enter the transaction letter as the description when entering the transactions in the journal. Dates must be entered in the format ddimmm le.. January 15 would be 15/Jan) Date General Journal Account Explanation Page Gus F Debit Credit 1