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Question 2 [30 points) Vesorin was authorized to issue an unlimited number of common shares During June 2014, the test month of operations, the formacions
Question 2 [30 points) Vesorin was authorized to issue an unlimited number of common shares During June 2014, the test month of operations, the formacions corred June 7 issued 10 000 coins at $300 per share for cash June 13.000 of the common shares were issued for a total of 70-200 cash June 19 Gave the corporation's promoters 13.000 common shares for their services organing the corporation The directors valued the service 38000 de 29 11.000 common shares were issued in exchange for land valued $11.000 e June 30. Closed the income Summary account An income of 575.000 was camned 3) Prepare journal entries for the above transactions entering the transaction le as the explanation and the dates in the format mm (1) General Journal Page Ipane Account Exponation Creo De . . bi Renate the equity section of the balance sheet of verbrincalune 30 2016
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