During its first year of operations, SunLand Ltd had the following transactions pertaining to its capital. Jan. 10 Issued 60,000 shares for cash at $5 per share. July 1 Issued 20,000 shares for cash at $9 per share. -754 (a) Journalise the transactions, assuming that the share issues were private placements. (Enter debit entries first followed by credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account and explanation SunLand Ltd General journal Debit Credit $ Share issue by private placement Jan. 10. Cash trust July 1 Application (Being issue of shares by private placement) Application Share capital (Being issue of shares by private placement)