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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Financial Accounting and Reporting
Authors: Barry Elliott, Jamie Elliott
18th edition
1292162406, 978-1292162409
