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can you do step by step please . thank you Slcysong, Inc was organized on January 1, 2022, It is authorized to lasue 14,000 shares
can you do step by step please . thank you
Slcysong, Inc was organized on January 1, 2022, It is authorized to lasue 14,000 shares of 84, 5100 par value preferred stock, and 511,000 shares of no-par common stock with a stated value of $3 per share. The following stock transactions were completed during the first year. Jan. 10 Issued 82,000 shares of commonstock for cash at $6 per share: Mar. 1 Issued 4.850 shares of preferred stock for cashat $105 per share. Apr. 1 Issued 25,000 shares of common stock for land. The asking price of the land was $93,000. The fair value of the land was 582,000. May 1 Issued 76,500 shares of commonstock for cach at 5450 per share. Aug. 1 Issued 11,000 shares of common stock to attorncys in pyiment of their bill of $41.500 for services performed in helping the company organize Sept. 1 Issued 12000 shares of common stock for cash at 57 per share. Nov. 1 Issued 2,500 shares of preferred stock for cash at 5112 per share (a) (b) Post to the stocldolders' equity accounts (Pest entries in the onder of journat entries presented in the previous part.) Common Stock Paid-in Capital in Excess of Stated Value-Common Stock Step by Step Solution
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