all same problem.

The partners who own Whitewater Rafts Inc. wished to avoid the unlimited personal liability of the partnership form of business, so they incorporated as Whitewater Rafts, Inc. The charter from the state of Colorado authorizes the corporation to issue 130,000 shares of $3 par common stock. In its first month Whitewater Ralts, Inc., completed the following transactions: Click the icon to view the transactions) Read the auteng Requirements Requirement 1. Record the transactid Oct 6: Issued 100 shares of common rganisation Expense 1. Record the transactions in the jouma Date 2. Prepare the stockholders' equity section of the Whitewater Rafts, Inc., balance sheet at October 31. 2015. The ending balance of Retained Earning is $45.000 Od Oct 6: Issued 100 shares of common stock to the promoter for assistance with issuance of the common stock. The promotional fee was $2,300. Debit Organization Expense Journal Entry Accounts Date Debit Credit Oct 6 Oct 9: Issued 9.000 shares of common stock to Patricia Penny and 13.000 shares to Wendy Whitewater in return for cash equal to the stock market value of $21 per share. The two women were partners in Whitewater Ralts. Co Journal Entry Accounts Credit Date Od 9 Oct 26: Issued 1.300 shares of common stock for 24 cash per share Oct 26: Issued 1,300 shares of common stock for $24 cash per share Journal Entry Accounts Date Debit Credit Oct 26 Whitewater Rafts, Inc. Balance Sheet (partial) October 31, 2019 Stockholders' Equity: Dar shares shares Total paid in capital |