QS 13-9 Interpreting journal entries for share issuances LOS Each of these entries was recently recorded by a different corporation. Provide an explanation for the transaction described by each entry. a. Apr. 1 Cash 60,000 Common Shares 60,000 b. Apr. 90,000 90,000 c. Apr. 3 Organization Expenses Common Shares 5 Merchandise Inventory Machinery....... Notes Payable.. Common Shares 90,000 130,000 144,000 76,000