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Please help! Wonder Sales is authorized to issue 100,000 shares of 2%, s100 par preferred stock and 1,000,000 shares of $10 par common stock. January

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Wonder Sales is authorized to issue 100,000 shares of 2%, s100 par preferred stock and 1,000,000 shares of $10 par common stock. January 2, Wonder Sales issues 5,000 shares of preferred stock for $110 per share and 65,000 shares of common stock at $10 per share. Journalize this issuance. If an amount box does not require an entry, leave it blank or enter "o an. 2 b. On January 25, Wonder Sales issues 250 shares of preferred stock to a Morton Law Firm for settlement of a $36,000 invoice for incorporation services. ournalize this issuance. If an amount box does not require an entry, leave it blank or enter "0" Jan 25 e. On January 31, Wonder Sales issues 500 shares of common stock to Setup Inc. for fixtures that have a fair market value of s8,500 ournalize this issuance. If an amount box does not require an entry, leave it blank or enter "0" an. 31

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