Please journalize these entries

Nov 4 On this day an entrepreneur (Investor #1) created the Beacon Lumber

corporation and purchased 20,000 shares of its common stock for $20,000.

The corporation will operate a lumberyard and building materials business in

a medium sized city not far from your school. The business will prepare

financial statements on a monthly basis.

Nov 4 Later in the day two other investors purchase shares. Investor #2 purchases

2,000 shares for $2,000 and investor #3 purchases 3,000 shares for $3,000.

Nov 4 Later that afternoon the lawyer who performed the incorporation submits a

bill for $500 fee and $37 in expenses.

Nov 6 The investors (and, at present, the sole owners) of the Beacon Lumber

Corporation elect three prominent businesspersons to the company's Board of

Directors. The board will meet once every quarter to review operations and

set overall policy for the company, but it will not be involved in the day to day

operations. The company's founder is appointed CEO of the corporation. The

board appoints a clerk-secretary.

Nov 15 An investor supplies 20 acres of land in exchange for stock and a mortgage

note. The land has been appraised at $70,000 and the investor receives 15,000

shares of stock and a note with a face value of $55,000. The note requires

Beacon to pay interest at the rate of 10% per year and the principal (face

amount) is due in 5 years.

Nov 15 Investor #2 sells 500 shares of Beacon stock to a younger sister for $500.

Nov 17 Beacon agrees to rent a trailer which it will use as a temporary office. The

rental cost, as determined by AZCO, the lessor, will be $200 per month.

AZCO will pro-rate this month's rent, using a Nov18th start date. Beacon

pays the rent. In the future, rent will be due the first of the month. Beacon cannot receive a discount if the trailer is returned. Therefore, the lessor has determined that a performance obligation has been met on the first day of the month not at the end of the month. Hint - if lessor is recording revenue then the lessee, Beacon should be recording the expense not a prepaid asset. Round your entry to the nearest dollar.