5) JetNew issued 50,000 common shares on January 1, 2019 at $8 each. Preferred shares were issued on March 15, 2019 at $10 each with a dividend rate of $0.50. JetNew sold 20,000 of these shares. On November 15, in order to buy into the business, another shareholder offered up a building common shares. At the time of this transaction, JetNew shares were trading at $9. Prepare the required journal valued at $300,000 for 30,000 entries. (6)