M Problem 13-011 (Part Level Submission) Pina Colada Corporation was organized on January 1, 2020. It is authored to 12,000 shares of $100 par value preferred stock, and 512,000 shares of a part with stated share. The following stock transactions were completed during the first year Jan. 10 Issued 79,000 shares of common stock for cash at $4 pershare Mar. 1 Issued 5,850 shares of preferred stock for cash at $105 per share Apr 1 sud 23.000 shares of common stock for land. The asking price of the land was $7.500. The value of the land was 6.000 May 1 Issued 81,000 shares of common stock for cash $4.50 per share 1 Issued 12,000 shares of common stock to attorneys in payment of the bill of $3,000 for services performed in helping the company organize Sept 1 Issued 12,000 shares of common stock for cash per share. No 1 Issued 2,000 shares of preferred stock for cash at $10 per share Jamale the transaction card journal entries in the order presented in the prob. Chiron www www.consistered into Date Account Titles and planation that Credit 5