CORPORATIONS ASSIGNMENT NAME 1-Jan question 1 make the appropriate journal entries. a) Company issued 20,000 $3 preferred shares at worth $75 each for cash b) company J issued 200,000 Common Shares to purchase an Office Building $1,300,000 c) company issued 100,000 common shares at $6 each for cash d) company J Paid Legal fees worth $135,000 by issuing 3000 $3 Preferred Shares 2-Jan 3-Jan 4-Jan Description DR CR Date a) b) c) 8 marks (2 each) d) REMEMBER, 2 DECIMAL PLACES for Value e) how many common shares does company ) have? f) how much is one common share worth? g) how many preferred shares does company ) have? h) how much is one preferred share worth? 1) How much will the company owe in Preferred Dividends each year 5 marks