Indigo Corporation, a private corporation, was organized on February $1,2023.$ It is authorized to issue $96,000,$ $$6$ noncumulative preferred shares, and an unlimited number of common shares. The following transactions were completed during the first year:

Feb. $10$

Mar. $1$

Apr.

$1$

June $20$

July

$7$

Sept.

$1$

Nov.

$1$

Issued $76,800$ common shares at $$4$ per share.

Issued $4,800$ preferred shares at $$114$ per share.

Issued $21,600$ common shares for land. The land's asking price was $$96,000$ and its appraised value was $$86,400.$

Issued $74,880$ common shares at $$4\mathrm{.}50$ per share.

Issued $9,600$ common shares to lawyers to pay for their bill of $$43,200$ for services they performed in helping the comp

Issued $9,600$ common shares at $$5$ per share.

Issued $960$ preferred shares at $$120$ per share.

Journalize the transactions. $($Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts. Record journal entries in the order presented in the problem. List all debit entries before credit entries.$)$