Fast Cars inc. was authorized to issue

50,000$1.50

preferred sheres and 300,000 common shares. During 2023, is first year of operations, the following selected transactions occurred.\ 1af. 1 4, see of the preferred shares were 1ssued at $12.8a per share; cash.\ feb. 5 15, eeb of the comon shares ware issued fur a total of $123, ase; cash.\ Mar. 28 , ebe of the comon shares were diven to the organizars of the corporation regarding thelr efforts. The shares were valusd at o total of

$78,390

.\ May as 11,59 preferred shares and 17,509 camon shares ware 1 ssued at 513.20 and 59,49 fespectively: cash.\ Det. 31 The Incone Suvnary account was clowed; It showed a debst bulance of $124, 008 . Deceabar 31 is Fast car's year-end.

Fast Cars inc. was authorized to issue 50,000$1.50 preferred shares and 300,000 common shares. During 2023 , is first year of operations, the following selected transactions occurred: 1an. 1 4, see of the preferred shares were 1ssued at \$12,en per share; cash. Mar. 280,600 of the comen shares were given to the organizars of the corporation regarding thelr efforts. The shares were valuad at a tatal of 878,390 . May is 11,580 prefurred shares and 17,509 camon shares wire 1 syed at 513.20 and 59,49 respectively; cash. Dec. 31 The Income Suvary account was slosed; It showed a debst balance of s124, eee. Deceabar 31 is fast car's year-end