Your answer is partially correct. Journalize the share transactions. (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 journal entries in the order presented in the problem.) Date Account Titles and Explanation Jan. 12 Cash Jan. 24 July 11 Oct. 1 Cash Dividends - Common (To record issuance of shares.) Legal Services Common Shares (To record issuance of shares.) Cash Preferred Shares (To record issuance of shares.) Land Common Shares (To record issuance of shares.) Debit Credit 2,50,0000 2,50,000.00 25,000.00 25,000.00 54,600.00 54,600.00