urgent

was authorized to sue an unlimited number of common shares. During March 2014, theil first month ot operations, the following selected transactions occurred' March 4 141000 common shares were issued In exchange for land valued at March 25: Issued 13,000 common shares at $360 per share for cash. March 25: 5,000 ot the common shares were Issued tor a total of S20,000 cash. March 29' Gave the corporation's promoters 10,000 common shaves for their semces in organinng the corporation. The directors valued the servicesat $45,000. March 31 Closed the Income Summary account An income ot SS5,000 was earned repare Iournal enthes the above transactions. entering the transaction letter as the explanation, and the dates in the format dd/mrnrn, (ie. i 5/Jan