Mainland Resources Inc. began operations on June 5, 2023. 2023 June 5 Gave 4, 690 comon shares to the organizers of the corporation in exchange for accounting and lagal services valued at $84,990. 15 Received $23 cash per share for the issuance of 79,000 comon shares. 16 Issued 10,0e0 preferred shares for cash of $43 per share. 178,000 common shares were issued to a creditor who was owed $134,000. 18 The board of directors declared a cash dividend of $19,900 on the preferred shares and 55,400 on the comon shares to shareholders of record on June 20 , payable July 1. shares were actively trading on this date at $17.00 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 Joul declaring dividends. Journal entry worksheet 234567 Record the issue of 4,000 common shares to promoters. Note: Enter debits before credits