6 points Saved A company is granted a charter that authorizes issuance of 15,000 shares of 100 par value preference shares and 40,000 shares of no-par ordinary shares. 8,000 ordinary shares are issued to the founders of the corporation for land valued by the board of directors at 300,000. The board establishes a stated value of 5 a share for the ordinary shares. Provide the general journal entry/entries necessary to record these transactions