Question
(please I need the answer soon, thank you so much) I want( share capital - ordinary and share capital prefernce ) Question: Castle Battle Corporation
(please I need the answer soon, thank you so much)
I want( share capital - ordinary and share capital prefernce )
Question: Castle Battle Corporation was organized on March 1.2020: It is authorized to issue 10,000 shares of 8 % , $ 100 par value preferred stock, and 500,000 shares of par value common stock with a stated value of $ 4 per share. The following stock transactions were made
Mar 10: Issued 80,000 shares of common stock for cash at $ 10 per share.
May.15 : Issued 5,000 shares of preferred stock for cash $ 216 per share
June.12 : Issued 24,000 shares of common stock for land. The asking price of the land was $ 180,000; the fair market value of the land was $160,000
July.17 : Issued 80,000 shares of common stock for cash at $ 14 per share.
Aug.19: Issued 10,000 shares of common stock to attorney in payment of their bill $ 100,000 for services rendered.
Oct.23: Issued 10,000 shares of common stock for cash at $ 18 per share.
Nov.25: Issued 1,000 shares of preferred stock for cash at $ 224 per share.
Dec.28: Issued 12,000 shares of common stock for cash at $ 20 per share.
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