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plaese give answer quicly Star Inc was authorized to issue 400,000 $2.00 preferred shares and 700.000 common shares. During May 2014, their first month of

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Star Inc was authorized to issue 400,000 $2.00 preferred shares and 700.000 common shares. During May 2014, their first month of operations, the following selected transactions occurred a May 2: 13,000 of the preferred shares were issued for a total of $39.000 cash 6 May 11 Gave the corporation's promoters 11.000 common shares for their services in organizing the corporation. The directors valued the services at $33,000 d. May 14 6,000 preferred shares and 8,000 common shares were issued at $9.00 and $3.00, respectively, cash, e May 25 8,000 common shares were issued in exchange for land valued at $24.000 May 27 6,000 of the common shares were issued for a total of 542 000 cash May 27 Issued 10,000 preferred shares at $5.50 per share for cash Prepare journal entries for the above transactions Enter the transaction letter as the description when entering the transactions in the journal. Dates must be entered in the format ddimmm be January 15 would be 15/Jan) Date General Journal Account Explanation Page Gus F Debt Credit + + Heren

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