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On December 1, DOS Corporation issued 1,000 shares of its P10 par ordinary share capital and 2,000 shares of its P10 par preference share capital
On December 1, DOS Corporation issued 1,000 shares of its P10 par ordinary share capital and 2,000 shares of its P10 par preference share capital for a lump sum of $40,000. At this date, ordinary share is selling for 18 per share and the preference share for $13.50 per share. How much should the "Ordinary Share Capital account be credited? (The entry to record the issuance of the shares serves as the solution for this problem)
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