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Beamsley Corporation was organized in 2020 to operate a financial consulting business. The charter authorized 12,000 cominon shares, no par value. During the first year, the following selected transactions were completed: a. Issued 6,300 shares of common shares for cash at $23 per share. b. Issued 2,300 shares of common shares for cash at $26 per share. Required: 1. Show the effects of each transaction on the accounting equation, (Enter any decreases to Assets, Wiabilites, or Stockhoidens' Equity with a minus sign.) 2. Prepare the journal entry required for each of these transactions, (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Journal entry worksheet Record the issue of 6,300 common shares for cash, at $23 per share. Record the transaction. Record the transaction. Naver Enter debits before credts 3. Prepare the shareholders' equity section as it should be reported on the 2020 year-end balance sheet Acyear end, the accounts reflected a profit of $100. 4-a. Beamsley Corporation has $30,000 in the company's bank account. Should the company declare cash alvidenth at tha linot Yes No Incomplete