Question $1$ of $2$

Marigold Corporation, a private corporation, was organized on February $1,2023.$ It is authorized to issue $80,400,$$$6$ noncumulative preferred shares, and an unlimited number of common shares. The following transactions were completed during the first year:

Feb. $10,$ Issued $64,320$ common shares at $$4$ per share.

Mar. $1$ Issued $4,020$ preferred shares at $$114$ per share.

Apr. $1$ Issued $18,090$ common shares for land. The land's asking price was $$80,400$ and its appraised value was $$72,360.$

June $20$ Issued $62,712$ common shares at $$4\mathrm{.}50$ per share.

July $7$ Issued $8,040$ common shares to lawyers to pay for their bill of $$36,180$ for services they performed in helping the comf

Sept. $1$ Issued $8,040$ common shares at $$5$ per share.

Nov. $1$ Issued $804$ preferred shares at $$120$ per share.

$($a$)$

Joumalize the transactions. $($Credit account titles are automatioally indented when the amount is entared. Do not indent manually. If no entry is reguired, select $"$No Entry" for the account titles and enter O for the amounts Record journal entries in the order presented in the problem. Listall debit entries before creditentries$)$

Date

Account Titles

Debit

Credit

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