(20 Points) Adam Corp. began operations in the current year. 6. Prepare any required joumal entries for the transactions listed below. January 1: Adam Corp., filed its Articles of Incorporation in the State of Delaware with 250.000 shares of authorized $1 par common stock. January 15: Adam issued 100,000 shares of common stock in exchange for $100,000 cash. February 20: Adam issued another 100.000 shares of common stock in exchange for $150,000. April 9 Following a profitable first fiscal quarter, the board of directors voted to approve a 15% dividend on all shares outstanding May 9: The date of record for the dividend declared the previous month. MacBook Air 3 5 RO & 6 7. E CO R OD 9 T 0 Y U s D F. O G H j K D