5, 2017. 2017 June 5 Gave 4.000 common shares to the organizers of the corporation in exchange for accounting and legal services valued at $84,500 15 Received $22 cash per share for the issuance of 75,000 common shares. 16 Issued 10,000 preferred shares for cash of $39 per share. 17 8,000 common shares were issued to a creditor who was owed $130,000. 18 The board of directors declared a cash duidend of $19,500 on the preferred shares and $5,000 on the common shares to shareholders of record on June 20. payable July 1. 30 150,000 common shares were issued in exchange for machinery with a fair market value of $2,600,000. The shares were actively trading on this date at $16.00 per share. July 1 The dividends declared on June 18 were paid. 2. 3 Question-2 Journal entries for bond issuances L05,6 On January 1, 2017, Ultra Vision Corp, issued $1,200,000 of 20-year 8% bonds that pay interest semiannually on June 30 and December 31. Required: Journalize the issuance of the bonds at 98 and 102 Date Tobie All