A company is authorized to issue 750000 shares $5 par value common stock

A company is authorized to issue 750,000 shares of $5 par value common stock. Prepare journal entries to record the following selected transactions that occurred during tne company's first year of operations: Jan. 10 Sold 400,000 shares of common stock for $9 cash per share. Jan. 15 Exchanged 20,000 shares of common stoc k for equipment with a market value of $160,0000. incurred during the company's organization. Mar. 1 Purchased 10,000 shares of Treasury Stock for $18 per share. Aug 31 Declared a cash dividend of $1 per share to shareholders of record on September Oct. 5 Sold 4,000 shares of Treasury Stock for $20 per share. Nov. 5 Sold 5,000 shares of treasury stock for $16 per share. 5 and to be paid on September 30. Credit