auestion 6. ACCO Corporation began operations on May 1, 2021 and authorized the issuance of 200,000 shares of $10 par value common stock and 10,000 shares of $100 par value, 10% cumulative preferred stock. Prepare the journal entries to record the following transactions (10-15 mins): May 2: Issued 1,000 shares of common stock at par to the promoters/lawyers for their services. May 3: Issued 6,000 shares of common stock for $12 cash per share. May 4: Issued 2,000 shares of common stock at par for cash. May 5: Declared a cash dividend payable to all stockholders of $52,000. May 10: Date of record is May 10 for the cash dividend declared on May 5th. May 15: Paid the cash dividend declared on May 5