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Please write the following transactions journal entries On Jan.1 2014, GMC issued 4,000 shares of $ 2.5 par value common stock and 3,000 shares of
Please write the following transactions journal entries
On Jan.1 2014, GMC issued 4,000 shares of $ 2.5 par value common stock and 3,000 shares of $ 2 par value preferred stock at par.
On Jan.1 2014, GMC issued 1,000 shares of $ 2.5 par value common stock in return of machine costing $ 2,200 (fair value BD 2,900)
On Jan.2 2014, GMC issued 500 shares of $ 2.5 par value common stock to its stock promoters in exchange for their services estimated to be worth $ 1,600
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