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During its first year of operations, Zhang's Electronics Incorporated completed the following transactions-relating to shareholders'...

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Accounting

During its first year of operations, Zhang's Electronics Incorporated completed the following transactions-relating to shareholders' equity.
January 5: Issued 2,600,000 shares of common stock for $19 per share.
February 12: Issued 14,000 shares of common stock to accountants for $266,000 of professional services.
The articles of incorporation authorize 5,000,000 shares of common stock with a par of $1 per share and 1,000,000 preferred shares with a par of $100 per share.
Required:
Record the above transactions in general journal form.
Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field.
1 Issued 2,600,000 shares of common stock for $19 per share.
2 Issued 14,000 shares of common stock to accountants for $266,000 of professional services.
Credit
Note : = journal entry has been entered
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