Whispering Winds Corp. was organized on January $1,2022.$ It is authorized to issue $14,000$ shares of $8\%,$$$100$ par value preferred stock, and $497,000$ shares of no$-$par common stock with a stated value of $$3$ per share. The following stock transactions were completed during the first year.

Jan. $10$ Issued $79,500$ shares of common stock for cash at $$6$ per share.

Mar. $1$ Issued $5,200$ 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 $$94,500.$ The fair value of the land was $$83,500.$

May $1$ Issued $79,500$ shares of common stock for cash at $$4\mathrm{.}50$ per share.

Aug. $1$ Issued $10,000$ shares of common stock to attorneys in payment of their bill of $$42,500$ for services performed in helping the company organize.

Sept. $1$ Issued $10,000$ shares of common stock for cash at $$7$ per share.

Nov. $1$ Issued $1,000$ shares of preferred stock for cash at $$109$ per share.

$($a$)$

Your answer is partially correct.

Journalize the transactions. $($Record journal entries in the order presented in the problem. 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.$)$