Journalize the transactions. Mar. 2 June 12 July 11 Nov. 28 Date 3/2/22 6/12/22 7/11/22 1/10/22 Issued 5,000 shares of $5 par value common stock to attorneys in payment of a bill for $30,000 for services performed in helping the company to incorporate. Issued 60,000 shares of $5 par value common stock for cash of $375,000. Issued 1,000 shares of $100 par value preferred stock for cash at $110 per share. Purchased 2,000 shares of treasury stock for $80,000. Account Debit Credit

Prepare journal entries for Eddington Corp. for the following transactions: 5/25/23: Purchased 3,000 shares of Vistavia Corp. common stock at $30 per share plus $2,700 in brokerage fees. 9/23/23: Sold 500 shares of Vistavia Corp. common stock at $28 per share.

Sunshine Corp. was organized on Jan. 1 with authorization of 20,000 shares of $5 preferred stock, $100 par, and 200,000 shares of $25 par common stock.  Indicate the account that should be recorded in the Description column of the Journal item (1) as the debit account and the dollar amount in the amount columns assuming that Sunshine Corp on Jan . 15  received cash for the issuance of 2,000 shares of preferred stock at par value.                                                     JOURNAL   Date Description P.Ref DEBIT CREDIT Jan. 15 (1)   (?)         (2)     (?)       (2)     (?) Group of answer choices Preferred Stock debit $200,000 Paid-In Capital in Excess Par - Preferred Stock debit for $10,000 Cash debit for $200,000 Cash debit for $10,000

EhrlichCo. had the following transactions during the current period. Mar.  2     Issued 5,000 shares of $5 par value common stock to attorneys in payment of a bill for $40,000 for services performed in helping the company to incorporate.June 12     Issued 60,000 shares of $5 par value common stock for cash of $365,000.July  11     Issued 1,000 shares of $100 par value preferred stock for cash at $110 per share. Aug.  15    Issued 20,000 shares of common stock for a building with an asking price of $150,000 and a fair value of $140,000Nov. 28     Purchased 2,000 shares of treasury stock for $80,000. Dec. 15     Sold 500 shares of the treasury stock for $45 per shareInstructions: 1. Journalize the transactions. 2. Prepare the stockholders' equity section of the balance sheet. Use the following example as a guide. For Retained Earnings for this example, you can use $1,050,000. Stockholders’ equity         Paid-in capital:        Capital stock:        9% preferred stock, $100 par value,…