Riverbed Corporation was organized on January $1,2027.$ It is authorized to issue $14,500$ shares of $8\%,$$$100$ par value preferred stock,

and $475,000$ 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 $84,500$ shares of common stock for cash at $$4$ per share.

Mar. $1$ Issued $4,050$ 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 $$88,500.$ The fair value of the land

was $$83,500.$

May $1$ Issued $83,000$ shares of common stock for cash at $$5\mathrm{.}25$ per share.

Aug. $1$ Issued $12,000$ shares of common stock to attorneys in payment of their bill of $$40,500$ for services performed in

helping the company organize.

Sept. $1$ Issued $11,500$ shares of common stock for cash at $$5$ per share.

Nov. $1$ Issued $2,500$ shares of preferred stock for cash at $$111$ per share.

$($a$)$

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.$)$