RiverbedCorporation was organized on January 1, 2020. It is authorized to issue10,300shares of 8%, $100par value preferred stock, and509,000shares of no-par common stock with a stated value of $1per share. The following stock transactions were completed during the first year.

Jan. 10 Issued80,240shares of common stock for cash at $7per share. Mar. 1 Issued5,830shares of preferred stock for cash at $111per share. Apr. 1 Issued24,550shares of common stock for land. The asking price of the land was $90,850; the fair value of the land was $80,240. May 1 Issued80,240shares of common stock for cash at $9per share. Aug. 1 Issued10,300shares of common stock to attorneys in payment of their bill of $45,900for services rendered in helping the company organize. Sept. 1 Issued10,300shares of common stock for cash at $11per share. Nov. 1 Issued1,100shares of preferred stock for cash at $104per share.

Prepare the journal entries to record the above transactions.(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 0 for the amounts.)