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Marigold Corp,aprivate corporation, received its articles of incorporation on January 3,2024, It is authorized to issue an unlimited number of common shares and $1 preferred

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Marigold Corp,aprivate corporation, received its articles of incorporation on January 3,2024, It is authorized to issue an unlimited number of common shares and $1 preferred shares, it had the foliowing share transactions during the year: Jan. 12 Issued 48.500 common shares for $5 per share. 24 Hewed 920 common shares in pryment of o $5,362 bill for legal services July 11 isued 970 preferred shares for $25 per share. Oct. 1 Issued 9.700 cemmon shares in exchange for land. The land sfair value was estimated to be $53350, Marigolds accocintant estimated that the fair value of the stares issed might be as high as 56 per stiare. (a) If no entry is required, select "No Entry' for the account tieles and enter O for the amounts. Record journal entries in the onder presented in Question 2 of 8 112 [a] If no entry is requind, select "No Entry" for the account tibles and enter Ofor the anounts. Record fournol entrita in the onder presented in the problem, List elf debit entries before credit entries) suppont

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