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Padberg Ltd was formed on January 1, Year 1 . Assume that each of the below events took place on January 1 , Year 1

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Padberg Ltd was formed on January 1, Year 1 . Assume that each of the below events took place on January 1 , Year 1 unless otherwis REQUIREMENT 1 Record the following transactions. Enter negative numbers with the negative sign()(e,g,10,000). For accounts where no amount enter 0 . Transaction 1: Issued 6,000 shares of $4 par value common stock for $54,000 cash

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