The partnership of Nuan Wong and Jen Tsang needed ad bona capital expand markets, so he business incorporated as atiran services in The articles of incorporation under the Canade Corporation Authorinum Services incloise 160,000 3.50 preferred shares and 2.000.000 convon shares in first year Platinum Services in completed the following are related transactions (Click the icon to view the transactions) Required 1. Record the transactions in the general joumal 2. Preparere shareholdersequity section of the Plathum Services Inc. balance sheet at December 31, 2020 The ending balance in Retained Earings is $200.000 Transactions 2020 Aug. 2 Paid incorporation fees of $8,500 and paid legal fees of $18,000 to organize as a corporation. 2 Issued 34,000 common shares to Wong and 39,000 commons shares to Tsang in return for cash. Wong paid $255,000 cash, and Tsang paid $292,500 cash. Dec. 10 Issued 2,800 preferred shares to acquire a computer system with a market value of $235,200. 16 Issued 17,000 common shares for cash of $170,000. Print Done Requirement 1. Record the transactions in the general journal August 2. Paid incorporation fees of $6,500 and paid legal focs of 18,000 to organize as a corporation, (ecord debits first, then credits. Exclude explanations from journal antras) Journal Entry Date Accounts Debit Aug 2 Credit August 2. Issued 34,000 common shares to Wong and 39,000 common shares to Tsang in return for cash. Wong paid $255,000 cash, and Tsang paid $292,500 cash, Journal Entry Credit Date Accounts Debit Aug 2. December 10. Issued 2,800 preferred shares to acquire a computer system with a market value of $235,200. Journal Entry Date Accounts Debit Credit Dec. 10 December 16. Issued 17,000 common shares for cash of $170,000. Journal Entry Date Accounts Debit Credit Dec. 16 Requirement 2. Prepare the shareholders equity section of the Platinum Services in balance sheet at December 31, 2020. The ending balance in Retained Earrings is $200,000 Platinum Services Inc. Balance Sheet partial December 31, 2020 Shareholders' Equity Contributed Capital from any list or enter any number in the input fields and then continue to the next