Question: 1.On May 10, Jaurez Corporation issues 1,000 shares of $10 par value ordinary shares for cash at $18 per share. Journalize the issuance of the shares.
2. Meenen Corporation has the following accounts at December 31, 2017 (in euros): Share Capital-Ordinary, €10 par, 5,000 shares issued, €50,000; Share Premium- Ordinary €10,000; Retained Earnings €45,000; and Treasury Shares-Ordinary, 500 shares, €11,000. Prepare the equity section of the statement of financial position (balance sheet).