Renyk Corp., alashion clothing manila During January 2020, its first month of operations, the following selected transactions occurred: Jan. 1 1,000 shares were inued to the organisers of the corporation The total value of the shares was determined to be $12,000 Jan. 15 Jan 20 15,000 shares were sold to various shareholders for $13.50 each The board of directons declared a cash dividend of $0.75 per common share to shareholders on January 19, payable January 31 4,000 shares were issues in exchange for land valued at $18,000 The shares were actively traded on this date at $11.50 per share Closed the Income Summary account, which showed a credit balance of $165,000 Paid the dividends declared on January 15. Tan 31 Jan. 31 Required Prepare journal entries for the above transactions. (12 marks)