6 (10 marks), During the first year of operations, Delta Corporation entered in to the following transactions relating to shareholders' equity. the articles of corporation authorized the issue of 8 million ordinary shares $1 par per share. And 1 million preference shares, $ 50 par per share Required: Prepare the appropriate journal entries to record each transaction. Feb. 12 sold 2 million ordinary shares for $9 per share 13 issued 40,000 ordinary shares to attorneys in exchange for legal services 13 sold 80,000 of its ordinary shares and 4,000 preference shares for a total of $ 945,000