Holimont Ltd. (HL) has unlimited no-par common shares authorized. The following transactions took place in the first year:

To record authorization of shares by board of directors (memorandum).

Issued 90,000 shares at $60; collected cash in full and issued the shares. Share issue costs amounted to $46,000. Treat this amount as a reduction of the common share account.

Received subscriptions for 45,000 shares at $70 per share; collected 80% of the subscription price. The shares will not be issued until collection of cash in full.

Issued 200 shares to a lawyer in payment for legal fees related to trademark registration. The lawyer estimates that the legal services provided would have been worth $14,000.

Issued 18,000 shares and assumed an $126,000 mortgage in total payment for a building with a fair value of $252,000.

Collected balance on subscriptions receivable in (c).

 Required:
Journalize the above transactions.