Cooper Physics Consulting Inc. began business on January 1, 2019.Selected transactions from 2019 are described below:

January 2

Issued 10,000 shares of common stock in exchange for equipment worth $300,000.

January 15

Issued 4,000 shares of preferred stock in exchange for cash of $40,000.

February 14

The Board of Directors declares a dividend on the common shares for $0.25 per share.

March 31

The Board of Directors declared the regular quarterly dividend on the preferred shares. The preferred shares pay a quarterly cumulative dividend of $0.50 per share.

April 12

Paid employees a total of $15,600 in gross pay.The following deductions were taken off of the employees' gross pay:

$2,000 in employee CPP

$1,100 in employee EI

$4,000 in employee income tax

Do not record the employer's portion of payroll taxes.

May 4

Made a cash sale of $10,000 and charged $1,300 in HST.

June 30

Issued bonds with a face value of $100,000.Received cash of $100,000 (i.e. the bonds were issued at par.)

December 31

Paid semi-annual interest on the bonds issued on June 30. The bonds will mature in 10 years' time.The face rate of interest is 5% and the bonds pay interest semi-annually.

Required:

Record the above transactions in the table below:

Required: Record the above transactions in the table below: + Assets = Shareholders' Equity Date Liabilities + Retained Cash Equip- Divi- CPP EI Income Tax HST Bonds Common Pre- ment dends Payable Payable Payable Payable Payable Shares ferred Earnings Payable Shares Jan. 2 Jan. 15 Feb. 14 Mar. 31 April 12 May 4 June 30 Dec 31