During its first year of operations, Cole's Electronics Inc. completed the following transactions relating to shareholders' equity. January 5: Issued 2,600,000 shares of common stock for $19 per share. February 12: Issued 14,000 shares of common stock to accountants for $266,000 of professional services. The articles of incorporation authorize 5,000,000 shares of common stock with a par of $1 per share and 1,000,000 preferred shares with a par of $100 per share. Required: Record the above transactions in general journal form

Journal entry worksheet Issued 14,000 shares of common stock to accountants for $266,000 of professional services. Note: Enter debits before credits