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please help on all 3 Equity Transactions. You are the accountant for Monopoly Corp. And you need to journalize the following 3 transactions. Use the
please help on all 3
Equity Transactions. You are the accountant for Monopoly Corp. And you need to journalize the following 3 transactions. Use the provided journal page and then upload it using the link. Transaction 1 - Jan 1, 2020: Monopoly Corp. issues 1,000 shares of common stock with a par value of $1.00 in exchange for $5.00 cash per share. Journalize the entry. Transaction 2. Jan 10, 2020: Monopoly Corp issues 5,000 shares of No-Par preferred stock for $10,000 cash. Transaction 3 - Jan 20, 2020: Monopoly Corp pays a cash dividend to the shareholders of the 1,000 shares of common stock issued in transaction 1. The dividend is $0.25 per share
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