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must use headings from list. quick response needed thanks! Question 4 [20 points) Segura Corporation began a very lucrative consulting operation on October 1, 2014.

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Question 4 [20 points) Segura Corporation began a very lucrative consulting operation on October 1, 2014. They are authorized to issue 550,000 shares of $3.00 cumulative preferred shares. They are also authorized to issue 650,000 common shares. a October 10: Issued 9,000 preferred shares at $3.32 per share for cash. b. October 127,000 of the common shares were issued for a total of $35,000 cash. c. October 14: Gave the corporation's promoters 5,000 common shares for their services in organizing the corporation. The directors valued the services at $28,000. d. October 19: 10,000 of the preferred shares were issued for a total of $50,000 cash. e October 26 : 6,000 common shares were issued in exchange for land valued at $30,000 1 October 31 In addition to the declaration of the annual dividend on the preferred shares, dividends of $16,200 were declared on the common shares today Prepare journal entries for the above transactions, entering the transaction letter as the explanation. Also, enter dates in the format dd/mmm (ie 15/Jan) Page Gj1 General Journal Account/Explanation Date LL Debit Credit + =] + Choose an Account or Heading ategories: Accounts and Headings: Accounts Payable -sets Accounts Receivable abilities Accumulated Amortization, Copyright uity Accumulated Amortization, Patents Equity Accumulated Amortization, Trademark Revenues Accumulated Depreciation, Automobiles xpenses Accumulated Depreciation, Boats Other Accumulated Depreciation, Building Accumulated Depreciation, Equipment Accumulated Depreciation, Furniture Accumulated Depreciation, Land Improvemen Accumulated Depreciation, Machinery Accumulated Depreciation, Trucks Advertising Expense Advertising Payable Amortization Expense, Copyright Amortization Expense, Patents Automobiles Search: : / Erase Cancel Choose an Account or Heading Categories: Accounts and Headings: All Automobiles Assets Boats Liabilities Bonds Payable Equity Building Equity Cash Revenues Cash Dividends Declared Expenses Commissions Earned Other Common Shares Consulting Revenue Earned Copyright Cost Of Goods Sold Delivery Expense Depreciation Expense, Automobiles Depreciation Expense, Boats Depreciation Expense, Building Depreciation Expense, Equipment Depreciation Expense, Furniture Depreciation Expense, Land Improvements Search: Erase Cancel Dopr Choose an Account or Heading ategories: Accounts and Headings: KUTOTT porno, Depreciation Expense, Land Improvements ssets Depreciation Expense, Machinery Liabilities Depreciation Expense, Trucks Equity Depreciation expense Equity Dividends Payable Revenues Equipment Expenses Furniture Other Income Summary Income Taxes Expense Income Taxes Payable Insurance Expense Interest Earned Interest Expense Interest Payable Interest Receivable Investment in Bonds Land Search: Erase Cancel Choose an Account or Heading Fategories: Accounts and Headings: JI Land assets Land Improvements iabilities Long-Term Notes Payable Equity Long-term Investment in Shares Equity Machinery Revenues Merchandise Inventory Expenses Mortgage Payable Other Notes Receivable Office Salaries Expense Office Supplies Expense Organization Expense Patents Preferred Shares Prepaid Advertising Prepaid Insurance Prepaid Interest Prepaid Rent Property Taxes Expense Search: Erase Cancel Choose an Account or Heading egories: Accounts and Headings: Property taxes expense ets Property Taxes Payable Rent Earned ilities ity Rent Expense Rent Payable uity venues Rent Receivable penses Rent expense, office space mer Rent expense, selling space Retained Earnings Salaries Expense Salaries Payable Sales Sales Discounts Sales Returns and Allowances Sales Salaries Expense Short-Term Notes Payable Store Supplies Expense Supplies Search: Erase Cancel A Choose an Account or Heading egories: Accounts and Headings: Rent expense, selling space ets Retained Earnings ilities Salaries Expense ity Salaries Payable uity Sales venues Sales Discounts penses Sales Returns and Allowances ner Sales Salaries Expense Short-Term Notes Payable Store Supplies Expense Supplies Supplies Expense Trademark Trucks Unearned Consulting Revenue Unearned Rent Unearned Revenue Utilities Expense Search: Erase Cancel

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