E13-5 Shahidi Corporation engaged in the following share transactions in the first quarter of their fiscal year: 2 Jan. 19 Issued 4,500 common shares for cash of $11.00 per share. issuing Shares 2. Contributed at 13.00 Feb. 3 Sold 1,000 $1.50 Class A preferred shares for $15,000 cash to new investors. 11 Received inventory valued at $20,000 and vehicles with market value of $17,000 for 5,800 common shares. Mar. 15 Issued 3,000 $1.00 Class B preferred shares for $14.00 per share Required 1. Journalize the transactions. Explanations are not required. 2. How much contributed capital did these transactions generate for Shahidi Corporation? uch of the following cases: In shares to finance the $13-2 The balance sheets a corporation and proprietorship How are the two balance sheets similar? ullter from a corporation's balance sheet? $133 Grimreality Corp. has two classes of shares: common and preferred. Journalize the corporation's June 22 issuance of 1. 3,000 common shares for $70.00 per share 2. 1,500 preferred shares for a total of $32,000 issuing shares Chapter 13 Corporations Share Capital and the Bala