Prepare journal entries to record these transactions

DEMONSTRATION PROBLEM 1 Banton Corporation began operations on January 1, 2010. The following transactions relating to stock hodiequity curred in the first two years of the company's operations 2010 Home the issuance of million shares of $5 par value con non stock and 100,000 shares of $100, 10% cumulative, preferred stock. 30.000 shares of common stock for $12 cash per share 100.000 shares of common stock in exchange for a buikling valued at $20,000 and mer hentary valued at $380,000 P10.000 cash to the company's founders for organization activite 12 shares of preferred stock for $110 cash per share es of common stock for S15 cash per share DEMONSTRATION PROBLEM 1 Banton Corporation began operations on January 1, 2010. The following transactions relating to stock hodiequity curred in the first two years of the company's operations 2010 Home the issuance of million shares of $5 par value con non stock and 100,000 shares of $100, 10% cumulative, preferred stock. 30.000 shares of common stock for $12 cash per share 100.000 shares of common stock in exchange for a buikling valued at $20,000 and mer hentary valued at $380,000 P10.000 cash to the company's founders for organization activite 12 shares of preferred stock for $110 cash per share es of common stock for S15 cash per share