In 2020, Pauline and some of her friends invested money to start a company named LADIEZ Corporation. The following transactions occurred during 2020 Jan The corporate charter authorized 75,000 shares of 5%, cumulative preferred shares and unlimited no par value common 1 shares an 6 Issued 233,000 common shares at S15 per share to Elizabeth and other investors. Jan issued another 460 common shares to Elizabeth in exchange for her services in organizing the corporation. The 7 shareholders agreed that the services were worth $6,900. Han Issued 3,500 preferred shares for $140,000 12 Jan issued 11,000 common shares in exchange for equipment. The fair market value of the equipment could not be readily 14 determined, but the market price of the common shares on this date was $17 per share. Nov The first annual dividend on preferred shares declared, 15 Dec Paid the dividends declared on preferred shares 20 Dec Estimated income tax expense of $34.800 31 LADIEZ Corporation generated a $104.000 (after income tax) during the year. The company uses the retained earnings account to record dividends a) Prepare the journal entries to record the above transactions in 2020, here to search o In 2020, Pauline and some of her friends invested money to start a company named LADIEZ Corporation. The following transactions occurred during 2020 Jan The corporate charter authorized 75,000 shares of 5%, cumulative preferred shares and unlimited no par value common 1 shares an 6 Issued 233,000 common shares at S15 per share to Elizabeth and other investors. Jan issued another 460 common shares to Elizabeth in exchange for her services in organizing the corporation. The 7 shareholders agreed that the services were worth $6,900. Han Issued 3,500 preferred shares for $140,000 12 Jan issued 11,000 common shares in exchange for equipment. The fair market value of the equipment could not be readily 14 determined, but the market price of the common shares on this date was $17 per share. Nov The first annual dividend on preferred shares declared, 15 Dec Paid the dividends declared on preferred shares 20 Dec Estimated income tax expense of $34.800 31 LADIEZ Corporation generated a $104.000 (after income tax) during the year. The company uses the retained earnings account to record dividends a) Prepare the journal entries to record the above transactions in 2020, here to search o