Apha Sounds Corp, an electric guitar retallex, was organized by Michele Kirby, Paul Glenn, and Gretchen Northway. The charter authorized 250,000 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 13,000 shares of stock at par to Paul Glenn for cash. Checkinimes b. (1) Issued 400 shares of stock at par to Michele Kirby for promotional services provided in connection with the organization of the corporation, and (2) issued 16,000 shares of stock at par to Michele Kirby for cash. c. Purchosed land and a building from Gretchen Northway in exchange for stock issued at par. The lanid has a fair value of $70,000, and the buliding has a fair value of $130,000