Question: Question 5 ./12 View Policies Current Attempt in Progress Jan Halpern Corporation is authorized to issue 1.000.000 shares of $3 par value common stock. During
Question 5 ./12 View Policies Current Attempt in Progress Jan Halpern Corporation is authorized to issue 1.000.000 shares of $3 par value common stock. During 2018, its first year of operation, the company has the following stock transactions 1 Paid the state $5,000 for incorporation fees. Jan 15 Issued 500.000 shares of stock at $6 per share. Jan 30 Attorneys for the company accepted 500 shares of common stock as payment for legal services rendered in helping the company incorporate. The legal services are estimated to have a July 2 Issued 100,000 shares of stock for land. The land had an asking price of $900,000. The stock is currently selling on a national exchange at $8 per share. Sept. 5 Purchased 15,000 shares of common stock for the treasury at $8 per share. Dec. 6 Sold 11,000 shares of the treasury stock at $11 per share. Journalize the transactions for Halpern Corporation. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Debit Credit Date Account Titles and Explanation Jan. 1 tan. 15 Jan. 30
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