enson Inc. was authorized to issue 500,000 $2.00 preferred shares and 550,000 common shares. During January 2014, their first month of operations, the following selected transactions occurred: a. January 3 : Issued 9,000 preferred shares at $2.00 per share for cash. b. January 11 : 9,000 preferred shares and 10,000 common shares were issued at $8.00 and $3.00, respectively, cash. c. January 17 : Gave the corporation's promoters 12,000 common shares for their services in organizing the corporation. The directors valued the services at $24,000. d. January 19 : 6,000 of the preferred shares were issued for a total of $48,000 cash. e. January 20 : 14,000 of the common shares were issued for a total of $42,000 cash. f. January 21 : Issued 11,000 common shares at $4.00 per share for cash. g. January 31: 7,000 common shares were issued in exchange for land valued at $14,000. 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 (i.e., January 15 be 15/Jan). General Journal Account/Explanation Date Page GJ5 Debit Credit F + - + + L