Sign In Sign Up Ask an AI advisor
Kingzion5775
Kingzion5775
23.04.2020 • 
Business

A corporation issued 9,000 shares of $10 par value common stock for $108,000 cash. A corporation issued 4,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $30,500. The stock has a $1 per share stated value. A corporation issued 4,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $30,500. The stock has no stated value. A corporation issued 2,250 shares of $75 par value preferred stock for $199,250 cash.

Record the issue of 9,000 shares of $10 par value common stock for $108,000 cash.
Record the issue of 4,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $43,000. The stock has a $1 per share stated value.
Record the issue of 4,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $43,000. The stock has no stated value.
Record the issue of 2,250 shares of $100 par value preferred stock for $268,000 cash.

Solved
Show answers

Ask an AI advisor a question

I want advice