Journalize the transactions

urrent Attempt in Progress In its first year of operations, Splish Brothers Corporation had the following transactions relating to its convertible preferred shares and common shares. The preferred dividend rate is $2 per share. Jan. 1 Issued 11,900 common shares at $ 10 per share. Feb. 1 Issued 4,900 preferred shares for $41 per share. July 1 Declared and paid annual preferred dividends. Nov. 1 Converted 2,900 preferred shares to common shares when the fair value of the preferred shares was $42 and the fair value of the common shares was $20. One share of preferred is convertible to 4 common shares. (a)