Prepare the journal entries for the transactions listed in P8-55, 6e (P8-54, 5e) The journal entries for the transactions listed in P8-56, 6e (P8-55, 5e) are presented here for your convenience. Cash $60,000 PS APIC - PS $50,000 $10,000 Jan. 20 Cash $136,000 PS APIC - CS $80,000 $56,000 May 20. No transaction recorded. Jun. 1 Cash $56,000 PS APIC-CS $20,000 $36,000 Sep. 1 TS $40,000 Cash $40,000 Oct. 12 Cash $17,000 TS APIC - CS $14,000 $ 2,700 Dec. 22 Cash $28,500 PS APIC - CS $25,000 $ 3.500 Prepare the journal entries for the transactions listed in P8-55, 6e (P8-54, 5e) The journal entries for the transactions listed in P8-56, 6e (P8-55, 5e) are presented here for your convenience. Cash $60,000 PS APIC - PS $50,000 $10,000 Jan. 20 Cash $136,000 PS APIC - CS $80,000 $56,000 May 20. No transaction recorded. Jun. 1 Cash $56,000 PS APIC-CS $20,000 $36,000 Sep. 1 TS $40,000 Cash $40,000 Oct. 12 Cash $17,000 TS APIC - CS $14,000 $ 2,700 Dec. 22 Cash $28,500 PS APIC - CS $25,000 $ 3.500