hello, can you help record journal entries and t accounts for the following, thank you.
Journal Entry #1 Mason Automotive sells 15,000,000 shares at $3 par for $25 on January 1st, 2018. Journal Entry #2 Ed Mason, the CEO hires 2,500 employees, who will receive a combined salary of $12 Million on a monthly basis. The employees started on January 1st and will be paid for the month of January on February 5th. Employee's withholdings are as follows: 11% for federal income taxes 6% for state income taxes and 5% for FICA. Record the necessary entry as of January 1st, 2018. Journal Entry #3 Mason Automotive issues a bond payable on January 1st, 2018 with a face value of $200 Million at 101. The bond will have a useful life of 5 years with an interest payment of 5% (Annual Percentage Rate) due at the end of the month. Record the necessary Journal entry as of January 1st 2018. (Note: When considering the amortization of the discount or premium, assume the straight line method is used). Journal Entry #4 Mason Automotive purchased $75 Million dollars worth of Inventory on account on January 2nd, 2018 Mason notes that it will use a perpetual inventory system to track Inventory Journal Entry #5 Mason Automotive purchases fixed assets of $180 Million that will have a useful life of 10 years and no salvage value on January 2, 2018. $25 million was paid with cash with the remaining balance on account These assets are depreciated using the straight-line method Journal Entry #6 On January 2nd, Mason Automotive shipped an order to Corby Panther Company. The shipping terms were FOB shipping point and the value of the order was $60 Million and the inventory cost was $30 Million Assume that this sale was made on account Journal Entry #7 On January 3rd, Mason Automotive receives $90 Million advance payment from a customer, Michael Scott Paper Company, to manufacture 9,000 cars Journal Entry #8 Mason Automotive buys a patent from Apple for $36 Million on January 3rd, 2018. The patent has a legal life of 20 years, but a useful life of 10 years Record the necessary entry as of January 3rd, 2018. Assume the patent was purchased using cash Journal Entry #9 Mason Automotive purchased $2.5 Million dollars worth of supplies January 4th, 2018 51.75 Million was paid with cash with the remaining balance on account Journal Entry #10 Mason Automotive pre-pays for Rent Expense for the next year of $12 Million and Insurance Expense of $3 2 Million on January 4th, 2018 Journal Entry #11 On January 20th Mason Automotive decides to purchase 1 200,000 shares of Treasury stock at $26 per