The Ventura Corporation, a new corporation, took over the assets and liabilities of the Jeremy Ruggers Company on January 2, 2019. The assets and liabilities assumed, after appropriate revaluation by Ruggers Company, are shown below.

Account	Dr. Bal.			Cr. Bal.
Accounts Receivable	34,200
Allowance for Doubtful Accounts				3,000
Merchandise Inventory	52,000
Equipment	18,000
Accounts payable				30,000

The Ventura Corporation is authorized to issue 105,000 shares of $14 par-value common stock and 55,000 shares of 16 percent, $54 par-value preferred stock.

Jan.	2	The corporation issued 2,000 shares of common stock and 800 shares of preferred stock at par to Ruggers for his equity in the sole proprietorship business and the corporation took over Ruggers assets and liabilities.
	2	Issued 3,000 shares of common stock to Shaundra Ferris at par value for cash.
	2	Issued 1,300 shares of common stock and 700 shares preferred stock to Celina Delgado at par value for cash.

Required:

1. Prepare the general journal entries to record the transactions.
2. Prepare the opening balance sheet for the Ventura Corporation on January 2, 2019.
3. If Ventura Corporation paid $900 for legal fees, charter fee, and cost of engraving stock certificates, how would this transaction be recorded?