EB2. LO 14.1 You are an accountant working for a manufacturing company that makes personal 2 care products and has recently decided to incorporate. The company incurred a total of $7,900 for attorney's fees, promotion costs, and filing fees with the state of incorporation as a part of organizing the corporate entity. What is the journal entry to record these costs on February 28, 5 assuming they are paid in cash? 3 4 6 Account 7 Date 8 Debit Credit DOO 10 1 2 3 EB6. LO 14.2 Spring Company is authorized to issue 500,000 shares of $2 par value common stock. In its first year, the company has the following transactions: Mar. 1 Issued 40,000 shares of stock at $9.75 per share Apr. 10 Issued 1,000 shares of stock for legal services valued at $10,000 Oct. 3 Purchased 1,000 shares of treasury stock at $9 per share Journalize the transactions and calculate how many shares of stock are outstanding at August 3. un 2 6 7 8 Date Account Debit Credit 9 10 11 12 13 14 15 16 17 B C D E F G H EB7. LO 14.2 Silva Company is authorized to issue 5,000,000 shares of $2 par value common stock. In its IPO, the company has the following transaction: Mar. 1, issued 500,000 shares of stock at $15.75 per share for cash to investors. Journalize this transaction. Date Account Debit Credit EBS. LO 14.2 Juniper Company is authorized to issue 5,000,000 shares of $2 par value common stock. In conjunction with its incorporation process and the IPO, the company has the following transaction: Mar. 1, issued 4,000 shares of stock in exchange for equipment worth $250,000. Journalize the transaction. Date Account Debit Credit 0