Record journal entries for the following separate transactions. Note: As needed, use the account "Common Stock" for parts a through e, and use the accounts "Common StockClass A" and "Common StockClass B" for parts f and g. Note: As needed, use the account "Paid-in Capital in Excess of ParCommon Stock" for parts a through e, and use the accounts "Paid-in Capital in Excess of ParClass A Common Stock" and "Paid-in Capital in Excess of ParClass B Common Stock" for parts f and g.

a. Max Inc. issued 6,000 shares of $1 par value common stock for $20 per share.

b. Max Inc. issued 1,200 shares of no-par common stock for $25 per share. The state of incorporation requires a minimum value per share of $2.

c. Max Inc. issued 600 shares of no-par common stock for $18 per share.

d. Max Inc. issued 6,000 shares of $1 par value common stock for $18 per share and incurred $1,200 in legal fees related to the stock issuance.

e. Max Inc. issued 12,000 shares of common stock ($1 par) in exchange for equipment with a fair value of $213,600.

f. Max Inc. issued 3,600 shares of Class A common stock ($1 par) and 4,800 shares of Class B common stock ($2 par) for $96,000 cash. At the time of issuance, the market price of the Class A common stock is $15 per share, and the market price of the Class B common stock is $10 per share.

g. Max Inc. issued 3,600 shares of Class A common stock ($1 par) and 4,800 shares of Class B common stock ($2 par) for $102,000 cash. At the time of issuance, the market price of the Class A common stock is $16 per share, and the market price of the Class B common stock is unknown.