Waterway Corporation was organized on January 1, 2025. It is authorized to issue 9,800 shares of 8%, $100 par value preferred stock, and 525,300 shares of no-par common stock with a stated value of $1 per share. The following stock transactions were completed during the first year. Jan. 10 Mar. 1 Issued 80,970 shares of common stock for cash at $6 per share. Issued 5,750 shares of preferred stock for cash at $111 per share. Apr. 1 Issued 24,670 shares of common stock for land. The asking price of the land was $91,270; the fair value of the land was $80,970. May 1 Issued 80,970 shares of common stock for cash at $9 per share. Aug. 1 Issued 9,800 shares of common stock to attorneys in payment of their bill of $47,400 for services rendered in helping the company organize. Sept. 1 Issued 9,800 shares of common stock for cash at $11 per share. Nov. 1 Issued 980 shares of preferred stock for cash at $123 per share. Prepare the journal entries to record the above transactions. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Record entries in the order displayed in the problem statement.) Date Account Titles and Explanation Jan. 10 Cash Mar. 1 Cash Apr. 1 May 1 Cash Aug. 1 Sept. 1 Cash Nov. 1 Cash Debit Credit