Whispering Corporation was organized on January 1, 2020. It is authorized to issue 9,200 shares of 8%, $100 par value preferred stock, and 538,600 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 Issued 80,120 shares of common stock for cash at $6 per share. Mar. 1 Issued 5,470 shares of preferred stock for cash at $112 per share. Apr. 1 Issued 24,910 shares of common stock for land. The asking price of the land was $90,180; the fair value of the land was $80,120. May 1 Issued 80,120 shares of common stock for cash at $9 per share. Aug. 1 Issued 9,200 shares of common stock to attorneys in payment of their bill of $51,900 for services rendered in helping the company organize. Sept. 1 Issued 9,200 shares of common stock for cash at $11 per share. Nov. 1 Issued 1,090 shares of preferred stock for cash at $113 per share.

Prepare the journal entries to record the above transactions.