do journal entries do the following questions

*they are included in the trial balance*

1. On January 1, an entrepreneur created the Omega corporation and purchased 40,000 shares of its $1 par common stock for $40,000, and 1,000 shares of $100 par, 6 % preferred stock 2. Later in the day two other investors purchase shares. Investor # 2 purchases 2,000 shares for $2,000 and investor # 3 purchases 3,000 shares for $3,000. 3. The investors (and, at present, the sole owners) of Omega Corporation appoint three prominent businesspersons to the company's Board of Directors. The board will meet once every quarter to review operations and set overall policy for the company, but it will not be involved in the day to day operations. The company's founder is appointed CEO of the corporation. The board appoints a clerk-secretary 4. On February 1, Omega hires an Office Manager and two warehouse personnel. The warehouse personnel will each earn $12.00 per hour and the manager will earn $17.00 per hour. All employees will work an eight-hour day. 5. On July 1, An investor supplies 2 acres of land in exchange for stock. The land has peen appraised at $7,000 and the investor receives 7,000 shares of stock in exchange. On August 1 Investor # 2 sells 500 shares of Omega stock to a younger sister for $500. On August 1, Omega purchases 300 transhydrogrontifiers on account from cychokentics, Inc. for $100 each