Question
Hao Corporation had the following transactions during the current period. Mar. 2 Issued30,000common shares to its legal counsel in payment of a bill for $30,000for
Hao Corporation had the following transactions during the current period.
Mar. 2
Issued30,000common shares to its legal counsel in payment of a bill for $30,000for services performed in helping the company incorporate.June 12
Issued40,000common shares for $350,000cash.July 11
Issued1,400, $3noncumulative preferred shares at $110per share cash.Nov. 28
Issued2,800, $3noncumulative preferred shares at $99per share cash.
Journalize the transactions.(Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Record journal entries in the order presented in the problem.)
Date
Account Titles and Explanation
Debit
Credit
choose a transaction date
Mar. 2June 12July 11Nov. 28
enter an account title to record issuance of shares
enter a debit amount
enter a credit amount
enter an account title to record issuance of shares
enter a debit amount
enter a credit amount
(To record issuance of shares.)choose a transaction date
Mar. 2June 12July 11Nov. 28
enter an account title to record issuance of shares
enter a debit amount
enter a credit amount
enter an account title to record issuance of shares
enter a debit amount
enter a credit amount
(To record issuance of shares.)choose a transaction date
Mar. 2June 12July 11Nov. 28
enter an account title to record issuance of shares
enter a debit amount
enter a credit amount
enter an account title to record issuance of shares
enter a debit amount
enter a credit amount
(To record issuance of shares.)choose a transaction date
Mar. 2June 12July 11Nov. 28
enter an account title to record issuance of shares
enter a debit amount
enter a credit amount
enter an account title to record issuance of shares
enter a debit amount
enter a credit amount
(To record issuance of shares.)
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