Question: Hey there could someone please help me with this debit section, I have tried leaving it blank and tried $0 as well but still comes

 Hey there could someone please help me with this debit section,

I have tried leaving it blank and tried $0 as well but

still comes wrong. There is nothing wrong with it either already got

Hey there could someone please help me with this debit section, I have tried leaving it blank and tried $0 as well but still comes wrong. There is nothing wrong with it either already got it checked with the teacher.

Indigo Corporation, a private corporation, was organized on February 1, 2016. It is authorized to issue 100,000, $6 noncumulative preferred shares, and an unlimited number of common shares. The following transactions were completed during the first year: Feb. 10 Issued 81,000 common shares at $5.00 per share. Mar. 1 Issued 5,100 preferred shares at $114 per share. Apr. 1 Issued 21,900 common shares for land. The land's asking price was $121,500 and its appraised value was $109,500. June 20 Issued 79,000 common shares at $4.50 per share. July 7 Issued 11,100 common shares to lawyers to pay for their bill of $49,950 for services they performed in helping the company organize. Sept. 1 Issued 10,800 common shares at $5.00 per share. Nov. 1 Issued 1,300 preferred shares at $116 per share. (a) Your answer is correct. Journalize the 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 Debit Credit Feb. 10 Cash 405,000 Common Shares 405,000 Mar. 1 Cash 581,400 Preferred Shares 581,400 Apr. 1 Land 109,500 Common Shares 109,500 Jun. 20 Cash 355,500 Common Shares 355,500 July 7 Legal Fees Expense 49,950 Common Shares 49,950 Sep. 1 Cash 54,000 Common Shares 54,000 Nov. 1 - Cash 150,800 Preferred Shares 150,800 upen yenelai leuyei allUUIILS DIU PUSL LU LIIe sildi nuleis eyully alluuIILS. Preferred Shares Date Explanation Ref Debit Credit Balance Mar. 1 J1 581,400 581,400 581,400 Nov. 1 J1 150,800 150,800 732,200 Common Shares Date Explanation Ref Debit Credit Balance Feb. 10 J1 405,000 405,000 405,000 Apr. 1 J1 109,500 109,500 514,500 June 20 J1 355,500 355,500 870,000 X July 7 J1 49,950 49,950 919,950 Sept. 1 J1 54,000 54,000 973,950

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