Question
Mahesh Inc. begin operations on July 5, 2021 and immediately issued 18000 common shares for cash of $2 per share. On July 13, 1500 common
Mahesh Inc. begin operations on July 5, 2021 and immediately issued 18000 common shares for cash of $2 per share. On July 13, 1500 common shares were issued to promoters, valued at a total of $15,000. On July 20, 14000 preferred shares were issued for cash of $8 per share.
No transaction happened in August and balance carried forward to September
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Financial Statement Analysis
Authors: Martin S. Fridson, Fernando Alvarez
5th Edition
1119457149, 978-1119457145
