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Need journal entries for the following: Wave Gear Equity Agreement This agreement concerns the Equity stake in Wave Gear, a company created for the purpose
Need journal entries for the following:
Wave Gear
Equity Agreement
This agreement concerns the Equity stake in Wave Gear, a company created for the purpose of renting boards and selling sun supplies. This contract binds Nial J Briggs, from York, Pennsylvania, as an investor in Wave Gear.
Nial Briggs shall be entitled to the profits and assets of Wave Gear in proportion to hisher equity. Any change in the apportionment of equity must be approved unanimously by the partners.
This contract agreement anticipates the incorporation of Wave Gear in the near future. Nial Briggs has contributed $ toward the business.
Signature: Nial Briggs
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