How apply this in a Journal?STOCK SUBSCRIPTIONS Juneau & Associateshad the following stock transactions during the year:
(a) Received subscriptions for 100,000 shares of $1 par common stock for $105,000.
(b) Received subscriptions for 5,000 shares of $15 par, 8% preferred stock for $80,000.
(c) Received a payment of $55,000 on the common stock subscription.
(d) Received a payment of $40,000 on the preferred stock subscription.
(e) Issued 40,000 shares of $1 par common stock in exchange for a truck with a fair market value of $48,000.
(f) Received the balance in full for the common stock subscription and issued the stock.
(g) Received the balance in full for the preferred stock subscription and issued the stock.