Question 11 of 15 > -/25 I Pronghorn Corporation was organized on January 1, 2022. It is authorized to issue 11,000 shares of 8%, $100 par value preferred stock, and 498,000 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 75,500 shares of common stock for cash at $4 per share. Mar 1 Issued 5,550 shares of preferred stock for cash at $105 per share. Apr. 1 Issued 24,500 shares of common stock for land. The asking price of the land was $85,500. The fair value of the land was $85,500. May 1 Issued 75,500 shares of common stock for cash at $4.75 per share. Aug 1 Sept. Issued 11,500 shares of common stock to attorneys in payment of their bill of $40,000 for services performed in helping the company organize. 1 Issued 11,000 shares of common stock for cash at $7 per share. Nov 1 Issued 2.500 shares of preferred stock for cash at $108 per share. (a) 3 Final Exam Fall 1 2022 Question 11 of 15 /25 $ Journalize the transactions. (List all debit entries before credit entries. Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit 02:36:45