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Can you help me journalize please Exercise 12-5 Issuing shares LO3,4 2017 June 5 Gave 4.000 common shares to the organizers of the corporation in
Can you help me journalize please
Exercise 12-5 Issuing shares LO3,4 2017 June 5 Gave 4.000 common shares to the organizers of the corporation in exchange for accounting and legal services valued at $84,500. 15 Received $22 cash per share for the issuance of 75,000 common shares. 16 Issued 10,000 preferred shares for cash of $39 per share. 17 8,000 common shares were issued to a creditor who was owed $130,000. 18 The board of directors declared a cash dividend of $19,500 on the preferred shares and $5,000 on the common shares to shareholders of record on June 20, payable July 1. 30 150,000 common shares were issued in exchange for machinery with a fair market value of $2,600,000. The shares were actively trading on this date at $16.00 per share. July 1 The dividends declared on June 18 were paidStep by Step Solution
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