Sousa Caterers, Inc. was organized on May 13, 2019 and the articles stipulated the following authorized capital:

1. 4,500 shares of preference shares, P110 parvalue
2. 42,000 shares of ordinary shares, P30 par value

Sousa Caterers, Inc. completed the following transactions during its first year of operations.

May 8Received subscriptions to 14,000 ordinary shares at P30 per share; collected 65%. Of the subscription price

Jun 7Subscribers to 14,000 ordinary shares paid an additional 20% of the subscription price

Jul 6Subscribers to 14,000 ordinary shares paid an additional 15% of the subscription price. Sousa Caterers, Inc. issued the 14,000 shares of stock

Sep 14Received subscriptions to 4,300 ordinary shares at P32 per share; collected 60% of the subscription price.

Required: Prepare the journal entries.