Gabrielle Ltd. was incorporated February 1, 2017 and is authorized to issue an unlimited number of preferred and common shares. The company entered into the following transactions during the year: Feb 10 Issued 30,000 common shares for $23 per share. Feb 21 Issued 700 common shares to the company's accountants as payment for a bill of $18,000 for services performed in helping the company to incorporate. Mar 16 Issued 1,000 convertible preferred shares for $95 per share. Sep 10 Issued 5,000 convertible preferred shares for $105 per share. Oct 1 Converted 1,000 preferred shares into common shares. One preferred share is convertible into 10,000 common shares. The fair value of the common and preferred shares are $25 and $102 respectively. Required: Prepare the journal entries to record the above transactions