Question
Hao Corporation had the following transactions during the current period. Mar. 2 Issued21,000common shares to its legal counsel in payment of a bill for $31,000for
Hao Corporation had the following transactions during the current period.
Mar. 2
Issued21,000common shares to its legal counsel in payment of a bill for $31,000for services performed in helping the company incorporate.June 12
Issued55,000common shares for $380,000cash.July 11
Issued1,400, $3noncumulative preferred shares at $105per share cash.Nov. 28
Issued2,800, $3noncumulative preferred shares at $96per share cash.
Journalize the transactions.
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Fundamental Accounting Principles
Authors: John J Wild, Ken Shaw
25th Edition
1260247988, 978-1260247985
