2.Bartel Inc. is authorized to issue 40 000 convertible preferred shares with a par value of $12 and an unlimited number of no par value common shares. The preferred shares can be converted into common shares at a ratio of 1:3. Post each as a jorunal entry.

a.Issued 5 000 preferred shares at par value.

b.Exchanged 1 000 common shares for a desk valued at $1440.

c.Our legal fees for our organizational costs were $1000. We issued 100 shares of preferred stock to our lawyers.

d.We sell 30 000 shares of common stock for $1.60 per share.

e.We sell 2 000 shares of preferred stock at $12 each.

f.We purchase 1 200 of our preferred shares back at par value.

g.One of our shareholders exercised their option and converts 2 000 preferred shares for common stock.

h.Executed a 2 for 1 common stock split.