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(16 marks) agle Corporation is authorized to issue 1,000,000 shares of $5 par value following stock transactions. Jan. 1 Paid the state $2,000 for incorporation

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(16 marks) agle Corporation is authorized to issue 1,000,000 shares of $5 par value following stock transactions. Jan. 1 Paid the state $2,000 for incorporation fees. tollowing stock trbsic9 2014, its first year of operation, the company has the Issued 500,000 shares of stock at $6 per share. Jan. 15 Jan. 30 Attormeys for the company accepted 500 shares of common stock as services rendered in helping the company incorporate. payment for legal ervices are estimated to have a value of $7,000. July 2 Issued 100,000 shares of stock for land. The land had an asking price of $900,000. The stock is currently selling on a national exchange at8 per share. Sept. 5 Purchased 15,000 shares of common stock for the treasury at $9 per share. Dec. Sold 11,000 shares of the treasury stock at $11 per share. 6 Instructions Joumalize the transactions for Triangle Corporation. (One mark for each correct entry) CAS 2000

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