Solution: Transaction General Journal Debit Credit

a. Cash $ 180,000 Common stock [9000*1] $ 9,000 Paid-In-Capital in Excess of Par Value- Common Stock [9000*19] $ 171,000 (To record Common Stock Issued)

b. Cash $ 45,000 Common stock [1800*2] $ 3,600 Paid-In-Capital in Excess of Stated Value-Common Stock [1800*23] $ 41,400 (To record Common Stock Issued)

c. Cash [900*18] $ 16,200 Common stock $ 16,200 (To record Common Stock Issued)

d. Cash $ 162,000 Common stock [9000*1] $ 9,000 Paid-In-Capital in Excess of Par Value-Common Stock [9000*17] $ 153,000 (To record Common Stock Issued)

d. Legal Fee $ 1,800 Cash $ 1,800 (To record legal fee) e. Equipment $ 320,400 Common stock [18000*1] $ 18,000 Paid-In-Capital in Excess of Par Value- Common Stock $ 302,400 (To record Common Stock Issued) f. Cash $ 144,000 Common stock Class-A [5400*1] $ 5,400 Common stock Class-B [7200*2] $ 14,400 Paid-In-Capital in Excess of Par Value- Common Stock $ 124,200 (To record Common Stock Issued) g. Cash $ 153,000 Common stock Class-A [5400*1] $ 5,400 Common stock Class-B [7200*2] $ 14,400 Paid-In-Capital in Excess of Par Value- Common Stock $ 133,200 (To record Common Stock Issued)