Lindsey, Inc. is a publicly-traded company. The articles of incorporation authorize 10,000,000 shares of common stock with a par of $1 per share and 2,000,000 preferred shares with a par of $150 per share. Lindsey, Inc. also had issued $2 million par common shares for $40.00 several years ago.

Complete the following transactions relating to shareholders' equity for 2021:

January 10: Issued 2,000,000 shares of common stock for $20 per share.

February 10: Issued 1,000,000 shares of common stock for legal services for $900,000.

They also had the following information related to share repurchases:

On March 1, they reacquired 700,000 shares at $20.00 per share.

On May 10, they issued 450,000 treasury shares at $50.00 per share.

On June 5, they issued 80,000 treasury shares at $55.00 per share.

On July 1, the board of directors declared a 5% stock dividend on its $1 par, common shares to be distributed on July 15. The market price of its common stock was $60 on July 1. The companys common stock as determined by the shareholders equity on July 1, would need to be determined.

On Aug. 1, Lindsey, Corp. declared a property dividend of 2,000 shares of Planter, Inc. common stock that they had purchased as an investment. Planters shares had a market value of $50 per share on the declaration date. When they purchased the shares of Planter, Inc, the historical cost was $15 per share.

On October 7, they declared a cash dividend of $1.30 on its common shares to stockholders of record on October 15, to be distributed on Oct. 31. Number of common shares outstanding would equal the common shares issued less treasury stock.

Required: Record the above transactions in general journal form.

Create a part of the excel spreadsheet that has the followingFor example:

Date General Journal Account Debit Credit

xx/xx drop down menu xxx drop down menu xxx drop down menu xxx You can use a drop down menu on two of the dated journal entries. The others journal entries can just be listed. The date can be typed in, the general journal name can consist of 3-4 drop down menu selections with the correct selection chosen. The debit and credit amounts would come from the information above. When creating the data and directions from above, the numerical values would need to be in its own cell in order for it to be referenced in the Debit or Credit area.