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Northstar Corp was authorized to issue 550,000 $2.00 preferred shares and 600,000 common shares. During January 2014, their first month of operations, the following selected transactions CC 3. January 15 : 13,000 of the common shares were issued for a total of $52,000 cash. b. January 18 Gave the corporation's promotors 11.000 common shares for their services in organizing the corporation. The directors valued the service at $11,000. c January 24 : 7,000 common shares were issued in exchange for land valued at $14,000 d January 25 : Issued 7.000 preferred shares at $4.00 per share for cash e January 27 Issued 11,000 common shares at $5.00 per share for cash 1. January 28: 12,000 of the preferred shares were issued for a total of $48,000 cash 9. January 30 : 12,000 preferred shares and 12,000 common shares were issued at $7.00 and 51.00, respectively, cash. Prepare journal entries for the above transactions. Enter the transaction letter as the description when entering the transactions in the journal. Dates must be entered in the format ddome, ba 15/Jan) Garonal Journal Account Explanahon Du Papa GUS Dobi Crede