Question
Luis SLU issued 1,000 ordinary shares. Instructions Prepare the entry for the issuance under the following assumptions. (a) The shares had a par value of
Luis SLU issued 1,000 ordinary shares. Instructions Prepare the entry for the issuance under the following assumptions. (a) The shares had a par value of 5 per share and were issued for a total of 48,000. (b) The shares had a stated value of 5 per share and were issued for a total of 48,000. (c) The shares had no par or stated value and were issued for a total of 48,000. (d) The shares had a par value of 5 per share and were issued to attorneys for services during incorporation valued at 48,000. (e) The shares had a par value of 5 per share and were issued for land worth 48,000
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