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Prepare appropriate journal entries to record transaction

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Question - Prepare the appropriate journal entries to record each transaction.

Feb. 12 Sold 2 million common shares, for $9 per share.

Feb. 13 Issued 40,000 common shares to attorneys in exchange for legal services.

Feb. 13 Sold 80,000 of its common shares and 4,000 preferred shares for a total of $945,000.

Nov. 15 Issued 380,000 of its common shares in exchange for equipment for which the cash price known to be $3,688,000.

Reference no: EM133131621

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