Earth Star Diamonds Inc, began a potentially lucrative mining operation on October 1, 2023 it is authorized to issue 100,000 shares of $0.60 cumulative preferred shares and 500,000 common shares. The company wses the cash dividends account to keep track of all dividends declared Port A Required: Prepare joumal entries for each of the transactions listed. oct. I Issued for cash, 1,000 shares of the preferred shares at $4.40 each. 10 Issued for cash, 46,000 shares of the comon shares at $3.20 per share. 15 Earth star purchased land for $182,000, paying cash of $64,000 and borrowing the balance from the bank (to be repaid in two years). 2013,000 preferred shares were issued today for total cash proceeds of $72,300. 24 in addition to the declaration of the annual dividend on the preferred shares, dividends of $25,840 were declared on the comman shares today, payable November 15 , 2023. 31 Revenues of $860,000 were earned during the month; a11 cash. Expenses, a11 cash, totalling $280,000 were incurred in october. Close the Income Sumary and dividend Answer is complete but not entirely correct. x Answer is complete but not entirely correct