QUESTION THREE A (2) (6 Marks) Horner Corporation is authorized to issue 1,000,000 ordinary shares with a $5 par value. During 2014, its first year of operation, the company has the following share transactions. Jan. Jan Issued 500,000 ordinary shares at $7 per share 15 Paid the government $2,000 for incorporation fees 30 Attorneys for the company accepted 500 ordinary shares as payment for legal services rendered in helping the company incorporate. The legal services are estimated to have a value of $5,000 July 2 ssued 100,000 sharles for land. The land had an asking price of $900,000. The stock is Sept. 5 Purchased 15,000 shares for the treasury at $10 per share Dec. 6 Sold 11,000 treasury shares at $11 per share currently selling on a national exchange at $8 per share. Instructions Journalize the transactions for Horner Corporation CThe University of the West Indies Course Code: ACCT 1002 2016/