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

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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 1,800,000 shares of common stock for $33 per share.
February 12: Issued 28,000 shares of common stock to accountants for $924,000 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.
Journal entry worksheet
1
2
Issued 28,000 shares of common stock to accountants for $924,000 of professional services.
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