Question 1 View Policies Current Attempt in Progress Pharoah Company was organized on January 1, 2019. It is authorized to issue 14,000 shares of 8%, $100 par value preferred stock and 538,000 shares of no-par common stock with a stated value of $2 per share. The following stock transactions were completed during the first year: Jan. 10 Issued 75,000 shares of common stock for cash at $4 per share. Mar. 1 Issued 5,050 shares of preferred stock for cash at $110 per share. Apr. 1 Issued 24,000 shares of common stock for land. The asking price of the land was $92,000. The fair value of the land was $87,500. May 1 Issued 83.500 shares of common stock for cash at $4.50 per share. Aug 1 Issued 10,000 shares of common stock to attorneys in payment of their bill of $38,000 for services performed in helping the company organize Sept. 1 Issued 11.000 shares of common stock for cash at 57 per share. Nov. 1 Issued 2,000 shares of preferred stock for cash at $109 per share. Journalize the transactions. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts) Date Account Titles and Explanation Debit Credit JUU-151- 20-an doubled assessments/ef17c79-9600423 98-af081440450/question/