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1 point Holden Corp was authorized to loue 500,000 $2.00 preferred shares and 500,000 common shares. During September 2014, the first month of operations, the
1 point Holden Corp was authorized to loue 500,000 $2.00 preferred shares and 500,000 common shares. During September 2014, the first month of operations, the following selected transactions occurred a september 30,000 preferred shares and 10,000 common shares were issued at $7.00 and $2.00, respectively, cash G. September 11:6,000 of the common shares were issued for a total of 348,000 cash d September 17:10,000 of the preferred shares were issued for a total of $40.000 cash. e September 24 Gave the corporation's promotors 6.000 common shares for their services in organuting the corporation. The directors valued the services at $16.000 1. September 25: 8,000 common shares were issued in exchange for land valued $24.000 9. September 28 Issued 12,000 preferred shares at $4.00 per share for cash Prepare ournal entries for the above transactions. Enter the transaction letter as the description when entering the transactions in the jumal. Das must be entered in the format ddmmm o January 15 would be 15 Jan) Date General Jouma Account Explanation Page Bus F Debit Credit - O 24
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