Question
7.Beniamin inc was organized and authorized to issue 500.000 shares of $6 par value comm January 1 Issued 10,000 shares of common stock for $75,000.
7.Beniamin inc was organized and authorized to issue 500.000 shares of $6 par value comm
January 1 Issued 10,000 shares of common stock for $75,000.
Issued 500 shares of common stock in exchange for services rendered in connection with the organization of the company. The services were valued at $3,500.
January 2 Issued 25,000 shares of common stock for a building on which the astong price was$250,000. We don't have a market value of the stock for that day.
February 10 Issued 5,000 shares of common stock for $50,000.
Benjamin Inc. was organized and authorized to issue 500,000 shares of S 6 par value common stock on January 1
January 1 Issued 10,000 shares of common stock for $75,000.
January 1 Issued 500 shares of common stock in exchange for services rendered in connection with the organization of the company. The services were valued at $3,500.
January 2 Issued 25,000 shares of common stock for a building on which the asking price was$250,000. We don't have a market value of the stock for that day.
February 10 Issued 5,000 shares of common stock for $50,000.
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