Earned revenues. Current liabilities. Question 21 10 pts A company is authorized to issue 750,000 shares of $1 par value common stock. Prepare journal entries to record the following selected transactions that occurred during the company's first year of operations: Jan 10 Sold 105,000 shares of common stock for $8 cash per share. Jan 15 Exchanged 15,000 shares of common stock for equipment with a market value of $70,000. Feb 1 Exchanged 500 shares of common stock for $3,000 of legal services incurred during the company's organization. HTML Editora J A A = = B I E. : I V G = o = B = T = x 11 x 12pt = - Paragraph