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Short Electronics AG is organized with 20,000 ordinary shares authorized with 5 par value. 1. Short Electronics issues 1000 shares for cash at 10 per
Short Electronics AG is organized with 20,000 ordinary shares authorized with 5 par value. 1. Short Electronics issues 1000 shares for cash at 10 per share 2. Short Electronics issues 2000 shares for cash at 5 per share 3. Short Electronics acquires 500 of its shares at 8 per share. 4. sells 200 shares of the treasury shares at 11 per share Required Record the above transaction [8 marks]
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