23-1) During its first year of operations, Denver Inc. completed the following transactions relating to shareholders' equity. January 5: Issued 300,000 of its common shares for $8 per share Issued 50,000 shares of common stock in exchange for equipment with a February 12: known cash price of $310,000. The article of incorporation authorize 5,000,000 shares with a par of $1 per share of common stock. Required: Record the above transactions in general journal form. January 5 February 12