Question
Activity 1. Share Issuance for Cash. Journalize the share capital transactions below: Balda Tours Inc., is authorized to issue 220,000 shares of no-par ordinary shares,
Activity 1. Share Issuance for Cash.
Journalize the share capital transactions below:
Balda Tours Inc., is authorized to issue 220,000 shares of no-par ordinary shares, P15
state value. Journalize the following transactions:
May 23 Sold 4,000 shares of ordinary shares at P18 per share for cash.
June 19 Sold 12,500 shares of ordinary shares at P17 per share for cash.
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Essentials of Accounting for Governmental and Not-for-Profit Organizations
Authors: Paul A. Copley
10th Edition
007352705X, 978-0073527055
