TJ Inc.received its charter and began business in 2015.The company was authorized to issue 28,000,$5,noncumulative preferred shares,and 500,000 common shares.Prepare journal entries to record the following transactions that occurred during 2015: 
Definitions:
International Bank for Reconstruction and Development
The International Bank for Reconstruction and Development, part of the World Bank Group, is an international financial institution aimed at reducing poverty by providing loans to developing countries for capital programs.
Lex Mercatoria
A set of legal principles that govern international commercial law and practices, often used to resolve disputes in international commercial arbitration.
Treaty
A formally concluded and ratified agreement between sovereign states or international organizations.
International Contract
An international contract is a legally binding agreement between parties from different countries, often involving complex considerations of multiple legal jurisdictions.
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