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Entries Date Account Title Debit Credit 3/April Cash (90002) $18,000 To Preferred Share A/c $18,000 (Being 9,000 preffered share issue for cash) Jan 11 Cash

Entries Date Account Title Debit Credit 3/April Cash (90002) $18,000 To Preferred Share A/c $18,000 (Being 9,000 preffered share issue for cash) Jan 11 Cash $72,000 To preffered Share A/c $72,000 (Being 9000, common share issue for total consideration of $72,000) 8/April Cash $30,000 To Common Share A/c $30,000 (Being 10,000, common share issue for total consideration of $30,000) 11/April Cash $108,000 Preference Share capital (120002) $24,000 Common Share (120007) $84,000 (Being 12,000 Preference share and 12,000 common share issue for cash) 13/April Cash $91,000 Preference share capital (14,0006.50) $91,000 (Being 14,000 Preference share issue) 16/April Cash $12,000 To Preference Share $12,000 (Being 6,000 preference share issue for total consideration of $12,000) 22/April Goodwill A/c $36,000 To Common Share A/c $36,000 (Being issue of 9,000 common share to the promoter of company for render of services) 24/April Land A/c $13,000 To Common Share A/c $31,000 (Being 13,000 share issue in exchange

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of land with value $13,000)

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