30. Sullivan, Inc., has a charter authorizing it to issue the following: 275,000 shares of $5 par value common stock 50,000 shares of preferred 9 percent stock with $50 par value During the month of September, Sullivan, Inc., completed the following transactions: Sept. 1 Issued 50,000 shares of common stock at $22.50 per share to investor for cash. 12 Issued 20,000 shares of common stock at $18 per share to investor for cash. 23 Issued 4,350 shares of $5 par value common stock in return for equipment valued at $21,750. X 28 Issued 5,000 shares of preferred 9 percent stock at $57.50 per share for cash. Required: Record these transactions in general journal form. i) 11)

0. Sullivan, Inc., has a charter authorizing it to issue the following: i) 275,000 shares of $5 par value common stock ii) 50,000 shares of preferred 9 percent stock with $50 par value During the month of September, Sullivan, Inc., completed the following transactions: Sept. 1 Issued 50,000 shares of common stock at $22.50 per share to investor for cash. 12 Issued 20,000 shares of common stock at $18 per share to investor for cash. 23 Issued 4,350 shares of $5 par value common stock in return for equipment valued at $21,750. 28 Issued 5,000 shares of preferred 9 percent stock at $57.50 per share for cash. Required: Record these transactions in gencral journal form