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please answer both A and B section P11-1B Mendoza Corp was organized on JAN 1, 2017. It is authorized to issue 20,000 shares of 6%
please answer both A and B section
P11-1B Mendoza Corp was organized on JAN 1, 2017. It is authorized to issue 20,000 shares of 6% $40 par value preferred stock and 500,000 shares of no par common stock with a stated value of $2 per share. These stock transactions were completed during the first year Sept 01 Issued 100,000 shares of common stock for cash at $3 per share Jan10 Mar.1 Issued 10,000 shares of preferred stock for cash at $55 per share Apr.1 Issued 25,000 shares of common stock for land The asking price of the land was Nov 01 $90,000. T he company's estimate of fair value of the land was $75,000 May1 Issued 75,000 shares of common stock for cash at $4 per share Aug 1 Issued 10,000 shares of common stock to attorneys in payment of their bill for $50,000 for services performed in helping the company organize 1_Issued 5,000 shares of Sept.1_Issued 5,000 shares of common stock for cash at $6 per share Nov1 Issued 2,000 shares of preferred stock for cash at S60 per share. of common stock for cash at More Below Preferred Stoca (a) Joumalize the transactions (b). Post to the stockholders' equity accounts Date Nov 01 Paid-In Capital in Working Papers Below PROBLEM 11-1B (Working Papers) Date Mar 01 Nov Jan 10 Common Stock Jan 10 Apr 01 May 0 Aug 01 Mar 01 Styles Prob 1 1.1 B. May 01 HIS is your "Bob Corp was orgaized on JAN 1, 2017, It is authorized to issue 20,000 shares stock with a stated P11-1B Mendoza Sept 01 during the irst year lan10 Issued 100,000 shares of common stock for cash at $3 per share Mar.1 Issued 10,000 shares of preterred stock for cash at S55 per share Apr Nov 01 issued 25000 shares of common stock for land The asking price of the land was Issued 75,000 shares ot common stock for cash at $4 per share May1 Aug 1 Issued 10,000 shares ol common stock to attomeys in payment of their bil lor Sept 1 ssued 5,000 shares of common stock for cash at $8 per share Nov 1 Issued 2,000 shares of preferred stock for cash at $60 per share More Below Mar 01 Nov 01 Becember 34 2047 PROBLEM 11-1B (Workng Papers) lal) Jan 10 Apr 01 May 01 Sept 01 P11-4B P11-4B On January 1, 2014, Lamar Corporation had these stockholders equity Common Stock ($20 par value, 80,000 shares issued and outstanding) $1,600,000 Working Papers Belo PROBLEMlB (Working Papers) al Jan 10 Mar 01 Apr 01Step by Step Solution
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