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Exam 2 (ch.16 and 18) 4-18-20 0 Sovod Help Save & Exit Submit During its first year of operations, Criswell Inc, completed the following transactions relating to shareholders' equity. January 5: Issued 350,000 of its common shares for 58 per share and 2.500 preferred shares at $110. February 12: Issued 45,000 shares of common stock in exchange for equipment with a known cash price of $300,000. The articles of incorporation authorize 5,000,000 shares with a par of $1 per share of common and 1,000,000 preferred shares with a par of $100 per share. points (8 01:50:00 Required: Record the above transactions in general journal form (if no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the issue of 350,000 common shares for $8 per share. Note: Enter debits before credits Help View transaction list Journal entry worksheet