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During its first year of operations, Metlock SE had the following transactions pertaining to its...

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Accounting

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During its first year of operations, Metlock SE had the following transactions pertaining to its ordinary shares. Jan. 10 Issued 81,600 shares for cash at 66 per share. Mar. 1 Issued 5,000 shares to attorneys in payment of a bill for 37,500 for services rendered in helping the company to incorporate. July 1 Issued 32,400 shares for cash at 68 per share. Sept. 1 Issued 62,600 shares for cash at 610 per share. (a) Prepare the joumal entries for these transactions, assuming that the ordinary shares has a par value of 65 per share. (Credit account titles are automatically indented when omount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Prepare the journal entries for these transactions, assuming that the ordinary shares has a par value of 65 per share. (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 0 for the amounts.)

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