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Deck company was authorized to issue $250,000 shares of $24 par value common stock on December 28, 2017. The following transactions occurred in 2017: January

Deck company was authorized to issue $250,000 shares of $24 par value common stock on December 28, 2017. The following transactions occurred in 2017:

January 14

Issued 45,000 shares of common stock for $30 per share

Jan 29

Gave the lawyers of the company 25,000 shares of common stock for their services in organizing the company. The board of directors valued services at $744,000

Jan 30

Exchanged 50,000 shares of common stock for the following assets at the indicated fair market values:

Land

$216.000

Building

$528,000

Machinery

$720,000

Prepare the general journal entries for all of the above transactions.

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