Alpha Sounds Corp., an electric guitar retailer, was organized by Michele Kirby, Paul Glenn, and Gretchen Northway. The charter authorized 200,000 shares of common stock with a par of $1. The following transactions affecting stockholders' equity were completed during the first year of operations. Journalize the entries to record the transactions. If an amount box does not require an entry, leave it blank. a. Issued 12,000 shares of stock at par to Paul Glenn for cash. b. (1) Issued 700 shares of stock at par to Michele Kirby for promotional services provided in connection with the organization of the corporation, and (2) issued 24,000 shares of stock at par to Michele Kirby for cash. c. Purchased land and a build has a fair value of $120,000