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Question Four 115 points) Omega Corp was organised on January 1, 2016. authorized to be 100.000 shares of S700 par value preference share, and 2.200,000

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Question Four 115 points) Omega Corp was organised on January 1, 2016. authorized to be 100.000 shares of S700 par value preference share, and 2.200,000 shares of ordinary share with a parvo per share. The following share transactions were completed during the first year Fotdat sted 150,000 ordinary shares for cash or 38 per share Mar. Ind Isswed 10,000 ordinary share to Inwyer in payment of their fort of $700.000 jor services rendered in helping the company organte. Apr 14 led 80.000 ordinary are forcalar per share n. 1 towe 20.000 dence shares for comhar 8/30 per share 20wed 40.000 ordinary shores for Kigwyment. The asking price of the equipment was $200,000, the fair value of the equipment was 5/20,000 Prepare the journal entries to record the above room

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