Question
1) The following transactions took place in June for the Holista Corporation: June 1 Issued 1,000 shares of $100 preferred shares. 10 Issued 3,000 common
1) The following transactions took place in June for the Holista Corporation: June 1 Issued 1,000 shares of $100 preferred shares. 10 Issued 3,000 common shares for $18 per share. 15 Received land with a fair value of $60,000 and a building with a fair value of $180,000 in exchange for 15,000 common shares. Prepare journal entries for the above transactions.
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Intermediate Accounting Reporting and Analysis
Authors: James M. Wahlen, Jefferson P. Jones, Donald Pagach
2nd edition
9781305727557, 1285453824, 9781337116619, 130572755X, 978-1285453828
