A new company, "Lose Your COVID 19" Ltd., sells memberships to its health and fitness app. The app provides health tips and 20 minute home based workouts to help customers keep active during the pandemic. Presented below is information related to this new company Required Prepare the general journal entries necessary to record the following transactions. 1. The company is granted a charter that authorizes issuance of 15,000 no par value $3 preferred shares and 40,000 no par common shares. 2. 10,000 common shares are issued by the company for a building, valued by a realtor at $300,000. At this time, the shares were trading at $25 per share. 3. 3,000 preferred shares are sold for cash at $120 per share. Date Account Debit Credit 4. The company issues 100 common shares to its attorney for costs associated with starting the app. At that time, the common shares were selling at $60 per share. I Date Account Debit Credit 5. The company decides to issue shares on a subscription basis to its employees, giving each individual the right to purchase 200 common shares at a price of $65 per share. Fifty (50) individuals accept the company's offer and agree to pay 10% down and the remainder later 6. The final instalment payment for the subscription shares is received and the shares are issued to employees