Pina Colada Inc. was organized on January 1, 2020. It is authorized to issue an unlimited number of common shares and 90,000 preferred shares with a $6 dividend. The following share transactions were completed during the first year:

Jan. 10 Issued 215,000 common shares for cash at $23 per share.

Mar. 1 Issued 16,200 preferred shares for cash at $119 per share.

Apr. 1 Issued 3,000 common shares for land. The asking price for the land was $67,000; its fair value was $63,600.

May 1 Issued 20,700 common shares for cash at $18 per share.

Aug. 1 Issued 1,700 common shares to lawyers in payment of their bill of $32,300 for services rendered in helping the company incorporate.

Sept. 1 Issued 35,000 common shares for cash at $14 per share.

Nov. 1 Issued 1,400 preferred shares for cash at $122 per share.

Prepare the journal entries to record the above 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.)