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i really need help please help asap, thank u Trans Globe Publishing Inc. was recently organized. The company issued common shares to a lawyer who
i really need help please help asap, thank u
Trans Globe Publishing Inc. was recently organized. The company issued common shares to a lawyer who provided legal services of $21,000 to help organize the corporation. Trans Globe also issued common shares to an inventor in exchange for his patent with a fair value of $90,000. In addition, Trans Globe recelved cash both for the issuance of 5,900 of its preferred shares at $115 per share and for the issuance of 20,000 common shares at $24 per share. During the first year of operations, Trans Globe earned net income of $65,000 and declared a cash dividend of $30,000. Without making journal entries, determine the total share capital created by these transactions. Trans Globe Publishing Inc. was recently organized. The company iss provided legal services of $21,000 to help organize the corporation. Tr. shares to an inventor in exchange for his patent with a fair value of $9C received cash both for the issuance of 5,900 of its preferred shares at : 20,000 common shares at $24 per share. During the first year of opera of $65,000 and declared a cash dividend of $30,000. Without making jo share capital created by these transactions Step by Step Solution
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