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Ayayai Corporation was incorporated on January 15, 2024. At that time, the company issued 1.000 common shares at $10 each 0 ther activity related to shareholders' equity is outlined below. June 12. Issued 31,200 common shares for cash at $14 per share. June 30 Issued 1,600 common shares to a law firm in settlement of their bill for $24,000. (Use tegal Fees Expensel On June 30 , the shares had a fair value of $13 each. July 11 Issued 800 convertible preferred shares for $45 per share. Each share was convertible into 4 common shares Oct. 1 Issued 4,800 common shares in exchange for land. The common shares were trading at $12 per share on that date. The land's fair value was estimated to be $58.080. Nov. 15 Issued 1,200 convertible preferred shares for $50 per share. Each share was convertible into 4 commonshares. Nov. 22 Preferred shareholders converted 400 of the convertible preferred shares into commonshares. The fair values of the common and preferred shares on that day were $12 and $50 respectively. July 11 Issued 800 convertible preferred shares for $45 per share. Each share was convertible into 4 common shares. Oct. 1 Issued 4.800 common shares in exchange for land. The common shares were trading at $12 per share on that date. The land's fair value was estimated to be $58,080. Nov, 15 Issued 1,200 convertible preferred shares for $50 per share. Each share was convertible into 4 common shares. Nov. 22 Preferred shareholders converted 400 of the convertible preferred shares into comimon shares. The fair values of the : common and preferred shares on that day were $12 and $50 respectively. Record the share transactions. (Credit account titles are automatically indented when the amount is entered, Do not indent manualiki if no entry is required, select "No Entry" for the account titles and enter O for the amounts. List all debit entries before credit entries Record joumal entries in the order presented in the problem.)