Pharoah$$s Dance Studios Ltd$.$ is a public company, and accordingly uses IFRS for financial reporting. The corporate charter authorizes the issuance of an unlimited number of common shares and $70,000$ preferred shares with a $$3$ dividend. At the beginning of $2023,$ the opening account balances indicated that $27,000$ common shares had been issued for $$6$ per share, and no preferred shares had been issued. Opening retained earnings were $$318,000.$ The transactions during the year were as follows:

Jan. $15$ Issued $10,000$ common shares at $$8$ per share.

Feb. $12$ Issued $1,800$ preferred shares at $$58$ per share.

Sept. $2$ Issued $4,000$ common shares in exchange for land valued at $$28,000.$

Oct. $31$ Declared and paid a dividend on preferred shares of $$3$ per share.

Nov. $1$ Declared and paid a dividend on common shares of $$1\mathrm{.}70$ per share.

Nov. $15$ Purchased and retired $300$ preferred shares at $$62$ per share.

Dec. $31$ After preliminary closing entries, the Income Summary account had a credit balance of $$253,000.$

$($a$)$

Prepare journal entries to record the transactions above. $($List all debit entries before credit entries. 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.$)$

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choose a transaction date

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