Question
2) Gabriel Ltd. was incorporated February 1, 2022 and is authorized to issue an unlimited number of preferred and common shares. The company entered into
2) Gabriel Ltd. was incorporated February 1, 2022 and is authorized to issue an unlimited number of preferred and common shares. The company entered into the following transactions during the year.
Feb 10 Issued 30,000 common shares for $2.30 per share.(2 marks)
Feb 21 Issued 4,000 common shares to the company's accountants as payment for a bill
of $18,000 for services performed. (2 marks)
March 16 Issued 1,000 preferred shares for $95 per share. (2 marks)
Sept 10 Required 3,000 common shares for $1.75 per share.(2 marks)
Date2022 | Particulars | PR | Debit | Credit |
Please help, it's grade 12 accounting
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