Mainland Resources Inc. began operations on June 5, 2023. 2023 5 Gave 4,000 common shares to the organizers of the corporation in services valued at $84,300. 15 Received $22 cash per share for the issuance of 73,000 common shar 16 Issued 10,000 preferred shares for cash of $37 per share. 17 8,000 common shares were issued to a creditor who was owed $128,06 18 The board of directors declared a cash dividend of $19,300 on the common shares to shareholders of record on June 20, payable July 1 148,000 common shares were issued in exchange for machinery with a shares were actively trading on this date at $16.00 per share. July 1 The dividends declared on June 18 were paid. 30 June Required: Journalize the above equity transactions that occurred during the first month declaring dividends.