Journalize the enteries to record the transactions

Chart of Journal Alpha Sounds Corp, am electiric guitar retaler, was organized by Michele Kurby, Paul Glenn, and Gretchen Noraway The charter authorized 1,000,00o shares of common stock with a pa of $1 The following transactions affecting stockhods equty were completed during the first year of operations Jan. 2 Issued 100,000 shares of stock at par to Paul Glenn for cash. 5 Issued 3,000 shares of stock at par to Michele Kirby for promotional services provided in connection with the organization of the corporation and issued 45,000 shares of stock at par to Michele Karby So cath (econ as two sparat vamsactons) 8 Purchased land and a buiding from Gretchen Northway in exchange for stock issued at par. The buldng is mongaged for $180,000 for 20 years at 6%, and there ts accrued interest of $5200 on the mongage note at the time of the purchase It is agreed that the land is to be priced at $60,000 and the buildieg at $225,000 and that Oretchen Nortway's equity will be eschanged for stock at par The corporation agreed to assume responsiblity for paying the mortigage note and the accrued interest All work saved oe 8 9 6 EGH