P 18-1 Various stock transactions; correction of journal entries LO18-4 Part A Required: Prepare the appropriate journal entries to record each transaction. Jan. 9 Issued 40 million common shares for $20 per share. Mar. 11 Issued 5,000 shares in exchange for custom-made equipment. A. Clem shares have traded recently on the stock exchange at $20 per share. Part B Required: Prepare the journal entries that should have been recorded for each of the transactions