Cheyenne Corporation was incorporated on January 15, 2021. At that time, the company issued 1,000 common shares at $10 each. Other activity related to shareholders equity is outlined below.

June	12		Issued 39,510 common shares for cash at $13 per share.
June	30		Issued 2,000 common shares to a law firm in settlement of their bill for $27,930. (Use Legal Fees Expense) On June 30, the shares had a fair value of $12 each.
July	11		Issued 1,400 preferred shares for $40 per share. Each share was convertible into 7 common shares.
Oct.	1		Issued 5,900 common shares in exchange for land. The common shares were trading at $11 per share on that date. The land's fair value was estimated to be $65,560.
Nov.	15		Issued 2,100 preferred shares for $45 per share.
Nov.	22		Preferred shareholders converted 480 of the preferred shares into common shares. The fair values of the common and preferred shares on that day were $11.50 and $44 respectively.

Record the share 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. Round average per share amount to two decimal places.)

Date	Account Titles and Explanation	Debit	Credit
June 12
June 30
July 11
Oct. 1
Nov. 15
Nov. 22