References Mailings Review View Help Table Design Layout Yapt Shading Ba Border Styles Pen Color Table Styles Borders Comm 204 Financial Accounting Assignment 5 - Chapters 8&9 Due: Noon Friday, November 22, 2019 Question 6 The articles of incorporation for Juniper Tile Ltd. Authorize the company to issue 500,000, $6 preferred shares and 1,500,000 common shares. During its first year of operations, Juniper Tile Ltd. completed the following transactions: 2019 Jan 4 Issued 100,000 common shares receiving cash of $800,000. Jan 13 Issued 6,000 preferred shares receiving cash of $80,000 Jan 14 Issued 10,000 common shares in exchange for equipment valued at $70,000 Required: (a) Record the transactions in the general journal (b) Prepare the shareholders equity section of Magic Systems Ltd. balance sheet at December 31, 2019 assuming the company earned $285,000 in net income during it's first year of operations. cessibility: Good to go O