Dylex Corporation was authorized to issue 400,000 $2.00 preferred shares and 700,000 common shares. During June 2014, their first month of operations, the following selected transactions occurred: a. June 5 : Gave the corporation's promoters 7,000 common shares for their services in organizing the corporation. The directors valued the services at $63,000. b. June 5 : 11,000 of the common shares were issued for a total of $22,000 cash. c. June 6: 14,000 common shares were issued in exchange for land valued at $42,000. d. June 24 : Issued 7,000 preferred shares at $2.00 per share for cash. e. June 26 : 12,000 preferred shares and 12,000 common shares were issued at $4.00 and $2.00, respectively; cash. f. June 28 : Issued 11,000 common shares at $4.00 per share for cash. g. June 30: 13,000 of the preferred shares were issued for a total of $65,000 cash. Prepare journal entries for the above transactions. Enter the transaction letter as the description when entering the transactions in the journal. Dates must be entered in the format dd/mmm (ie. January 15 would be 15/Jan). General Journal Account/Explanation Page GJ5 Credit F Debit Date +