Problem 13-2A (Part Level Submission) Novak Corporation, a private corporation, was organized on February 1, 2016. It is authorized to issue 100,000, $6 noncumulative preferred shares, and an unlimited number of common shares. The following transactions were completed during the first year: Feb. 10 Issued 82,000 common shares at $4.50 per share. Mar. 1 Issued 5,300 preferred shares at $115 per share. Apr. 1 Issued 22,000 common shares for land. The land's asking price was $110,000 and its appraised value was $99,000. June 20 Issued 78,000 common shares at $5.50 per share. July 7 Issued 10,800 common shares to lawyers to pay for their bill of $59,400 for services they performed in helping the company organize. Sept. 1 Issued 11,100 common shares at $5.50 per share. Nov. 1 Issued 1,400 preferred shares at $117 per share. Your answer is partially correct. Try again. Journalize the 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 o for the amounts. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit Feb. 10 369,000 369,000 Mar. 1 v 609,500 609,500 | Apr. 1 99,000 99,000 Jun. 20 V 429,000 = 429,000 July 7 59,400 X 59,400 Sep. 1 V 61,0501 61,050 Nov. 17 163,800 163,800 Attempts: 3 of 15 used