K-9 Networking Solutions Inc. began operations on January 1, 2020. K-9's balance sheet at December 31, 2020, reported the following shareholders' equity: Common shares 255,000 Retained earnings 36,000 Total shareholders' equity 291,000 (Click icon to view the shareholders' equity transactions.) Requirement Record all of the journal entries that yield the reported shareholders' equity balances at December 31,2020. (Record debits first, then credits. Explanations are not required.) a. Issued 42,000 common shares for $5 per share Journal Entry Shareholders' equity transactions Date Accounts Debit Credit During 2020, K-9 a. Issued 42,000 common shares for $5 per share. b. Issued additional common shares for $7 per share. c. Earned Revenues of $172,000 and incurred Expenses totalling $119,000. d. Declared and paid cash dividends b. Issued additional common shares for $7 per share. Journal Entry Print Done Date Accounts Debit Credit Journal Entry Date Accounts Debit Credit - i Shareholders' equity transactions d. Declared and paid cash dividends. During 2020, K-9 a. Issued 42,000 common shares for $5 per share. b. Issued additional common shares for $7 per share. c. Earned Revenues of $172,000 and incurred Expenses totalling $119,000 d. Declared and paid cash dividends Journal Entry Date Accounts Debit Credit Print Done Done