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Answer A , B , & C sp 11 SerialProblem Business LO Pit ClwC2 Santana Rey created Business' Solutions otiiiiOCtO>ei' 2021 Thie company hasbeensoecessfijlf andSantanatplans
Answer AB & C
sp 11 SerialProblem Business LO Pit ClwC2 Santana Rey created Business' Solutions otiiiiOCtO>ei' 2021 Thie company hasbeensoecessfijlf andSantanatplans to expand her business, She believes that an additional $8iOOO needed' and is investigating three funding a. Santana's sister Cicely is willing $68,000 'imthe business as Stommon shareholderj Because Santana currently has bout $132,000 invested in the Ciclyrs investment Santana wj\llfiaintain about 60% ownership and . Cicely will have 40% ownership( of Business Solutions b. Santana's uncle Marcello iSyiIIing to ilnvest $88,000 "in the business as prefeed shareholder; Marcello, would purchase 880 &res: of $100 parvalue, 8% preferred stock, banker is Will*iiipg to!lerid $88;000 on 018%, 10-year niotepayabile, She w0uld make monthly payments Of $11068 for Preparethejournal entryi0Tflect initiali$B8.OOO investmentunder each of the options a,-bf, and c. View transacflon list Journal entry worksheet ecord the issue common stockl $8)OO casn, JOLimj Record entry Clenr entry Journal
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