4 A corporation was organized on January 30 of the current year, with an authorization of 20,000 shares of preferred stock $12 par, and 100,000 shares of $3 par common stock REQUIRED (16 points) Prepare journal entries to record the following Jan 30, 2021 Issued 15,000 shares of common stock at $23 per share for cash Jan 31 Issued 1,200 shares of common stock at par to an attorney in payment of legal fees costing $6,000 for organizing the corporation Feb 24 Issued 20,000 shares of common stock in exchange for land, buildings, and equipment with fair market prices of $65,000 $120,000, and $45,000 respectively Mar 15 Issued 2,000 shares of preferred stock at S36 for cash

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4  A corporation was organized on January 30 of the current year, with an authorization of 20,000 shares of preferred stock  $12 par, and 100,000 shares of $3 par common stock  REQUIRED (16 points) Prepare journal entries to record the following Jan  30, 2021 Issued 15,000 shares of common stock at $23 per share for cash  Jan 31 Issued 1,200 shares of common stock at par to an attorney in payment of legal fees costing $6,000 for organizing the corporation  Feb  24 Issued 20,000 shares of common stock in exchange for land, buildings, and equipment with fair market prices of $65,000 $120,000, and $45,000 respectively  Mar  15 Issued 2,000 shares of preferred stock at S36 for cash

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4. A corporation was organized on January 30 of the current year, with an authorization of 20,000 shares of preferred stock. $12 par, and 100,000

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