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Courtand Corp was auttinized to issue 400,000 $2.00 preferred shares and 700,000 common shates. During June 2014, their first month of operations, the following selected

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Courtand Corp was auttinized to issue 400,000 $2.00 preferred shares and 700,000 common shates. During June 2014, their first month of operations, the following selected transaction Occurred June 11 Issued 8.000 preferred shares at $450 per share for cash b. Jun 14 Gave the corporation's promoters 8.000 common shares for their services in organizing the corporation The directors wed the services at $48.000 June 15 issued 11,000 common shares at $2 50 por share for cash d. June 17 10.000 of the common shares were issued for a total of $20,000 cash 0. Juno 18 11.000 common shares were issued in exchange for land valued at $14.000 June 18 12.000 peoforrod shares and 15,000 common shares were insued at $1000 and $500 respectively cost June 2011 000 of the proferred shares were issued for a total of 11 000 cash Prepare journal entries for the above transactions Entor the transaction letter as the description when entering the transactions in the jour Dates must be entered in the format cammm (10 January 15 would be 15/Jan) General Journal Account Explanation Page US Date F Dext Credit +

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