Please answer the Journal Entries 1 to 8 using the options are: No Journal Entry Required, Building, Cash, Common shares subscribed, Common shares, no-par, Mortgage payable, Stock subscription receivable and Trademark

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Holimont Ltd. (HL) has unlimited no-par common shares authorized. The following transactions took place in the first year: a. To record authorization of shares by board of directors (memorandum). b. Issued 260,000 shares at $60; collected cash in full and issued the shares. Share issue costs amounted to $51,000. Treat this amount as a reduction of the common share account. c. Received subscriptions for 130,000 shares at $70 per share; collected 70% of the subscription price. The shares will not be issue until collection of cash in full. d. Issued 500 shares to a lawyer in payment for legal fees related to trademark registration. The lawyer estimates that the legal services provided would have been worth $35,000. e. Issued 52,000 shares and assumed an $364,000 mortgage in total payment for a building with a fair value of $728,000. f. Collected balance on subscriptions receivable in (c). 4 Record receipt of subscription. 5 Record payment of legal fee by issuing shares. 6 Record the acquistion of building by issue of shares and acceptance of mortgage. 7 Record collection of balance subscription