shares of $$2$ par common stock. In its first month, Ameen Rafts, Inc., completed the following transactions:

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Journal Entry

$\backslash$table$[[$Accounts$,$Debit,Credit,$],[$Jan$,9,,],[,,,],[,,,],[,,,]]$

Jan $26$: Issued $1,200$ shares of common stock for $$24$ cash per share.

Journal Entry section of the balance sheet.$)$

Ameen Rafts, Inc.

Balance Sheet $($partial$)$

January $31,2022$

Stockholders' Equity:

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shares $,$ shares par,

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Total paid$-$in capital

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Total stockholders' equity

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$\backslash$table$[[$Jan $6,$Issued $500$ shares of common stock to the promoter for assistance with issuance of the$],[$Jan $9,\backslash$table$[[$common stock. The promotional fee was $$12,500.$ Debit Organization Expense.$],[$in return for cash equal to the stock's market value of $$5$ per share. The two women$],[$were partners in Ameen Rafts Co$.],[$Issued $1,200$ shares of common stock for $$24$ cash per share.$]]],[$Jan $26,]]$