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Sep. $6$ ?Issued $275$ ?shares of common stock to the promoters who organized the corporation, receiving cash of $$8,250.$

Sep. $12$ ?Issued $650$ ?shares of preferred stock for cash of $$20,000.$

Sep. $14$ ?Issued $1,600$ ?shares of common stock in exchange for land with a market value of $$21,000.$

Assume WPAC $-$ ?TV$,$ ?Inc. had net income of $$34,000$ ?for the month.

Stockholders' Equity

stion $4$

stion $5$

stion $6$

stion $7$

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