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Blue Corporation, a private corporation, was organized on February 1, 2023. It is authorized to issue 73.200, $6 noncumulative preferred shares, and an unlimited number

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Blue Corporation, a private corporation, was organized on February 1, 2023. It is authorized to issue 73.200, $6 noncumulative preferred shares, and an unlimited number of common shares. The following transactions were completed during the first year: Feb. 10 Issued 58,560 common shares at $4 per share. Mar. 1 Issued 3,660 preferred shares at $114 per share. Apr. 1 Issued 16,470 common shares for land. The land's asking price was $73,200 and its appraised value was $65,880. June 20 Issued 57,096 common shares at $4.50 per share. July 7 Issued 7,320 common shares to lawyers to pay for their bill of $32,940 for services they performed in helping the com Sept. 1 Issued 7,320 common shares at $5 per share. Nov. 1 Issued 732 preferred shares at $120 per share. Journalize the transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Record journal entries in the order presented in the problem. List all debit entries before credit entries.) eTextbook and Media List of Accounts Save for Later Attempts: 0 of 1 used Submit

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