Mainland Resources Inc. began operations on June 5, 2023.

2023
June	5		Gave 4,000 common shares to the organizers of the corporation in exchange for accounting and legal services valued at $84,000.
	15		Received $22 cash per share for the issuance of 70,000 common shares.
	16		Issued 10,000 preferred shares for cash of $34 per share.
	17		8,000 common shares were issued to a creditor who was owed $125,000.
	18		The board of directors declared a cash dividend of $19,000 on the preferred shares and $4,500 on the common shares to shareholders of record on June 20, payable July 1.
	30		145,000 common shares were issued in exchange for machinery with a fair market value of $2,520,000. The shares were actively trading on this date at $16.00 per share.
July	1		The dividends declared on June 18 were paid.

Required: Journalize the above equity transactions that occurred during the first month of operations. Cash dividend account is used for declaring dividends.