GrouperInc. was organized on January 1, 2020. It is authorized to issue an unlimited number of common shares and105,000preferred shares with a $7dividend. The following share transactions were completed during the first year:

Jan.10Issued209,000common shares for cash at $23per share.Mar.1Issued18,000preferred shares for cash at $119per share.Apr.1Issued 3,000 common shares for land. The asking price for the land was $67,000; its fair value was $62,100.May1Issued21,300common shares for cash at $16per share.Aug.1Issued1,300common shares to lawyers in payment of their bill of $22,100for services rendered in helping the company incorporate.Sept.1Issued34,000common shares for cash at $15per share.Nov.1Issued1,600preferred shares for cash at $125per share.

Prepare the journal entries to record the above transactions