Crane Corporation was organized an January $1,2025.$ It is authorized to issue $10,600$ shares of $894,$$$100$ par value praiarred stock, and $500,200$ shares of no$-$par common stock with a stated value of $$1$ per share. The following stock transactions ware complsted during the first year.

Jan. $10$ Issued $80,640$ sharss of common stock for cash at $$6$ par share

Mar. $1$ Issued $5,950$ shanes of preferrad stock for cash at $$111$ psr share.

Apr: $1$ Issued $24,940$ shares of common stode for land. The asking price of the land was $$90,270$; the fair value of the land was $$80,640.$

May $1$ lssued $90,640$ shares of common stock for cash at $$9$ par share.

Aug. $1$ Issued $10,600$ shares of common stock to attorneys in payment of their bill of $$50,500$ for services rendered in helping the company organize.

Sept. $1$ Issuad $10,600$ shares of common stock for cash at $$11$ per share.

Nov $1$ Issued $1,050$ shares of preferred stock for cash at $$106$ per share.

Prepere the journal entries to record the above transactions. $($List oll debit entries before credit entries Credit account tithes are cutonatically indented when the amount is entered. Do not indent munuallk if no entry is required, select $"$No Enity" for the account titles and enter $Q$ far the amcunts. Record entries in the order disployed in the problem statement$].$