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How to do the second question? Standard Oil started the company on Feb 1, 2017. The following transactions about stockholders' equity happened in the first

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image text in transcribedHow to do the second question?
Standard Oil started the company on Feb 1, 2017. The following transactions about stockholders' equity happened in the first two years of the company's business. 2017 Feb 01. Issued 2 million shares of $5 par value common stock and 100,000 shares of $100 par value, 10% cumulative, preferred stock. March 02. Sold 200,000 shares of common stock for $12 cash per share. April 03. Issued 100,000 shares of stock (Common) in exchange for a building worth $820,000 and merchandise inventory worth $380,000.- May 04. Paid $10,000 to the person who started the company for organization activities. Jun 05. Sold 12,000 shares of preferred stock for $110 per share. 2018 July 04. Issued 100,000 shares of common stock for $15 cash per shares Instructions: 1. Please journalize the above transactions. 2. By using T-Accounts, Show me what the Stockholder's section would look like after all of the transactions are completed

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