urgent

ay 1:5,000 common shares were issued in exchange for land valued at ,000 ay 4. 7,000 preferred shares and 8,000 common shares were issued at $7.00 and $3.00, respectively, cash ay 5 Issued 12,000 common shares at $4.50 per share for cash. zay 8 Issued 13,000 preferred shares at $5.00 per share for cash ay 19 Gave the corporation's promoters 10,000 common shares for their services in organizing the corporation. The directors valued the services at $60,000. ay 297,000 of the preferred shares were issued for a total of $28,000 cash, May 30 12,000 of the common shares were issued for a total of $36,000 cash e journal entries for the above transactions. Enter the transaction letter as the description when entering the transactions in the journal Dates must be entered in the format anuary 15 would be 15/Jan) General Journal AccountExplanation Page 35 F Debit Credit