how to splve number 16.

Jourbalire transactions 11. Carlos Corporation begins operations on March.J by issuing 100,000 shares of $10 par valoe common stock for cash at $12 per share. Jourmalize the issuance of the shares. 12. Ref. \#12 above. On March. 20. Carlos Corporation issues 5.000 shares of common stock to attomeys in senlement of their bill of 550,000 for organization costs. Joumaline the isstance of the shares, assuming the stock is not pubticly inded. 13. Tele Comporation is authorized to issue 1,000,000 shares of $5 par value common stock. During its first year of operation, issued on May L. 100,000 shares of common stock for land, which had an asking price of 5900,000. The stock is selling on a national exchange at 58 per share. Journalize the purchase of land with common stock. 14. Assume that on January 1, 2023, the directors of Carlos Corpontion declare a 75 cenis per share cash dividend on 100,000 shares of 510 par value common stock. Journalize the entry to record the declaration of dividends. 15. On February 20, Carlos Corporation makes the cash dividend payments to the stockholders. Record the payment transaction. 16. On January 1. 2022. Carlos, Inc, sells $100,000, five-year, 10\% bonds for $92,639 of face value. Interest is payable annually on January 1. Journalize the issuance of the bond. 17. Compute the total cost of borrowing the $100,000 bond at discount, N16 above. 18. Carlos Inc, acquired 5% of the 400,000 shares of common stock of Tele Corp. at a total cost of 57 per share on June 25, 2022, Prepare the jourmal for acquiring the 5% of Tele Corp. 19. Ref. 418 above. On September 30, Tele Corp. declared and paid a $80,000 dividend. Record the cash dividend for Carlos inc. 20. Carlos Corporation purchased debt investments for 100,000 on January 1, 2023. Jourmalize the purchase of debt