IFRS Exercises IFRS11.1 On May 10, Jaurez Corporation issues 1,000 shares of $10 par value ordinary shares for cash at $18 per share. Journalize the issuance of the shares. IFRS11.2 Meenen Corporation has the following accounts at December 31 (in euros): Share Capital-Ordinary, 10 par, 5,000 shares issued, 50,000; Share Premium-Ordinary 10,000; Retained Earnings 45,000; and Treasury Shares-Ordinary, 500 shares, 11,000. Prepare the equity section of the statement of financial position (balance sheet). IFRS11.3 Overton Co. had the following transactions during the current period. Mar. 2 Issued 5,000 shares of $1 par value ordinary shares to attorneys in payment of a bill for $30,000 for services performed in helping the company to incorporate. June 12 Issued 60,000 shares of $1 par value ordinary shares for cash of $375,000. July 11 Issued 1,000 shares of $100 par value preference shares for cash at $110 per share. Nov. 28 Purchased 2,000 treasury shares for $80,000. Instructions Journalize the above transactions