Brockbank Corporation was organized on July 15, 2012. Record the journal entries for Brockbank to account for the following:
a. The state authorized 30,000 shares of 7% preferred stock ($20 par) and 100,000 shares of no-par common stock.
b. Brockbank gave 6,000 shares of common stock to its attorney in return for her help in incorporating the business. Fees for this work are normally about $18,000.
c. Brockbank gave 15,000 shares of common stock to an individual who contributed a building worth $50,000.
d. Brockbank issued 5,000 shares of preferred stock at $25 per share.
e. Peter Brockbank paid $70,000 cash for 30,000 shares of common stock.
f. Another individual donated a $15,000 machine and received 4,000 shares of common stock.
g. The attorney sold all her shares to her brother-in-law for $18,000.
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