During its first year of operations. Monty Corp. had these transactions pertaining to its common stock

Jan 10. issued 25,900 shares for cash at $4 per share

July 1. issued 54,500 shares for cash at $9 per share.

Prepare a tabular summary record the transactions, assuming that the common stock has a par value of $4 per share. Include margin explanations for the changes in revenues and expenses.

During its first year of operations, Monty Corp. had these transactions pertaining to its common stock. Jan. 10 July 1 Issued 25,900 shares for cash at $4 per share. Issued 54,500 shares for cash at $9 per share. (a) Prepare a tabular summary to record the transactions, assuming that the common stock has a par value of $4 per share. Include margin explanations for the changes in revenues and expenses. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign for parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Assets Liabilities Cash Common Stock Paid-in-Capital PIC in Excess $ Jan. 10 $ July 1 During its first year of operations, Monty Corp. had these transactions pertaining to its common stock. Jan. 10 Issued 25.900 shares for cash at $4 per share. July 1 Issued 54,500 shares for cash at $9 per share. (a) Prepare a tabular summary to record the transactions, assuming that the common stock has a par value of S4 per share. Include margin explanations for the changes in revenues and expenses. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign for parentheses) in front of the amount entered for the particular Asset, Llability or Equity item that was reduced.) Stockholders' Equity apital Retained Earnings PIC in Excess of Par Com Revenue Expense Dividend