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Alul Corporation engaged in the following share transactions in the first quarter of their fiscal year Oct 19 Issued 4,500 common shares for cash of

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Alul Corporation engaged in the following share transactions in the first quarter of their fiscal year Oct 19 Issued 4,500 common shares for cash of $11.50 per share Nov. 3 Sold 3,000 54 00 Class A preferred shares for S16,000 cash to new investors 11 Received inventory valued at $32,000 and vehides with market value of $18,000 for 7,000 common shares Dec 15 Issued 1,500 53.00 Class B preferred shares for $17.00 per share. Required 1. Joumalize the transactions. Explanations are not required 2. How much contributed capital did these transactions generate for All Corporation? Requirement 1. Journalize the transactions. Explanations are not required (Record debits first, then credits. Exclude explanations from journal entries.) October 19. Issued 4,500 common shares for cash of $11.50 per share. Joumal Entry Date Accounts Debit Credit Oct 19 November 3 Sold 3,000 $400 Class A preferred shares for $16.000 cash to new investors Journal Entry Date Accounts Debit Credit Choose from any list of enter any number in the input fields and then continue to the next

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