Question 2 [25 points] Holden Corp was authorized to issue 400.000 $2.00 preferred shares and 500,000 common shares. During February 2014, their first month of operations, the following selected transactions occurred a February 16,000 of the preferred shares were issued for a total of $48.000 cash b. February 2 8.000 preferred shares and 9.000 common shares were issued at $5.00 and $2.00, respectively, cash c. February 4 : 9,000 common shares were issued in exchange for land valued at $27.000 d February 8 Issued 13.000 common shares at $600 per share for cash e February 9 Issued 9.000 preferred shares at $6.00 per share for cash February 25 Gave the corporation's promoters 10,000 common shares for their services in organizing the corporation. The directors valued the services at 870.000 9. February 26 8,000 of the common shares were issued for a total of $48,000 cash Prepare journal entries for the above transactions Enter the transaction letter as the description when entering the transactions in the journal Dates must be entered on the format ddimmm (Le January 16 would be 15/Jan) General Journal Date Account Explanation Page GJS F Debit Credi 08 AM DING O