. Excalibur Corporation is authorized to issue 3,000,000 shares of $5 par value common stock. During 2019, its first year of operation, the company has the following stock transactions.

Jan. 15 Issued 600,000 shares of stock at $13 per share.

July 2 Issued 100,000 shares of stock in exchange for a building. The building had an asking price of $1,000,000. The stock is currently selling at $9 per share.

Sept. 5 Purchased 5,000 shares of common stock for the treasury at $10 per share.

Dec. 6 Sold 2,000 shares of the treasury stock at $14 per share.

Dec. 12 Sold the remaining shares of treasury stock at $8 per share.

Journalize the transactions for Excalibur. Omit explanations.

Date	Description	Debit	Credit