Question: Question 4 Companies: Equity (4+3=7 MARKS) a) Stevie Systems Ltd completed the following share issue transactions: Date Transaction June 5 Issued 2 500 ordinary sharesfor

Question 4 Companies: Equity (4+3=7 MARKS) a) Stevie Systems Ltd completed the following share issue transactions: Date Transaction June 5 Issued 2 500 ordinary sharesfor cash of $12.50 pershare. June 15 Issued 3, 000 preference shares for $15,000 cash July 10 Received equipment with market value of $68 000 in exchange for the issue of 3 000 ordinary shares. I. Journalize the transactions. Explanations aren't required. II. How much paid-up capital did these transactions generate for Susie Systems Ltd?

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