prepare the general journal entries nevessary to record these transactions

Presented below is information related to Foster Company: 1. The company is granted a charter that authorizes issuance of 25,000 no par value preferred shares and 60,000 no par common shares. 2. 15.000 common shares are issued to the founders of the corporation for land valued by the board of directors at $455,000 3. 4,600 preferred shares are sold for cash at $165 per share. 4. The company issues 200 common shares to it's attorneys for costs associated with starting the company. At that time, the common shares were selling at $72 per share. 5. Foster company decides to issue shares on a subscription basis to selected individuals, giving each individual the right to purchase 300 common shares at a price of $58 per share. Fifty individuals accept the company's offer and agree to pay 20% down. 6. The remainder is received regarding the shares sold on a subscription basis, and the shares are issued. Chick Save and Submit to me and will