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Question 9 Arab Co. is a corporation and during the year the company issued the following share: the company issued 50,000 common shares with a stated value of 3 J.Ds and a market value of 10 J.Ds per share in exchange for acquiring a building for use as their headquarters knowing that the building was advertised for 400,000 J.D, Arab Co. also issued 20,000 preference shares with no stated value and a market value of 30 J.Ds per share, and they issued 80,000 common share with 2 J.D par value and 12 J.D market value to accumulate cash for the Company, Write down : 1. The entry for the issuance of the common share in exchange for the building (2 points) 2. The entry for the issuance of the preference shares (2 points) 3. The entry for the issuance of the common shares for cash (2 points)