Proctortrack You are being monitored TOSTI Learn more Get genuine Office GET GENUINE OFFICE Mouricemint genuine, and you may be a victim of software counterfeiting. Avoid interruption and keep your files safe with genuine Office today 410 D Logent Corporation, a publicly traded company was incorporated on January 1, 2021. The company is authorized to issue an unlimited number of $3 noncumulative preferred shares and an unlimited number of common shares. The following share transactions were completed during the company's first year of operations: Jan. 11 Issued 1,000,0000 common shares for $2 per share Mar. 1 Issued 20,000 preferred shares for $40 per share May Issued 250,000 common shared for $3 per share Issued 30,000 shares for $80,000 cash and used equipment. There is no information available on the fair value of the asset. June However, the common shares were trading for $4 per share on this date. July 23 Issued 10,000 common shares for $5 per share Sept. 6 Issued 4,000 preferred shares for $50 per share Dec. 1 Declared the annual cash dividend to preferred shareholders of record on December 20, payable January 1, 2022. Dec. 5 Declared a cash dividend of $0.50 per share to common shareholders of record on December 15, payable December 31 Required Prepare the journal entries for the above transactions for 2021. Explanations are not required. Cover Page Question Question 2 Question 3 Question 4 EP Type here 0 > 90% ENG ASUS 2:09 PM 2021-12-11