Exercise During the first year of operations, Delta Corporation entered in to the following transactions relating to shareholders’ equity . the articles of incorporation authorized the issue of 8 million Common stock OMR 1par value,  and 1 million preferred stock , OMR 50 par value.  Required : Prepare the appropriate journal entries to record each transaction. Feb. 12 sold 2 million common stock for OMR 9 per share         12  issued 40,000 common stock to attorneys in exchange for                             building.         13 sold 80,000 of its common stock and 4,000 preferred stock for a                  total of OMR 945,000

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