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Stake Technology Inc. began a very lucrative consulting operation on March 1, 2014. They are authorized to issue 500,000 shares of $3.00 cumulative preferred shares.
Stake Technology Inc. began a very lucrative consulting operation on March 1, 2014. They are authorized to issue 500,000 shares of $3.00 cumulative preferred shares. They are also authorized to issue 700,000 common shares. March 4 : Issued 10,000 preferred shares at $5.39 per share for cash. March 5 : 13,000 of the common shares were issued for a total of $59,800 cash. March 11 : 11,000 common shares were issued in exchange for land valued at $44,000. March 26 : 13,000 of the preferred shares were issued for a total of $40,300 cash. March 28 : Gave the corporation's promoters 14,000 common shares for their services in organizing the corporation. The directors valued the services at $60,000. March 31 : In addition to the declaration of the annual dividend on the preferred shares, dividends of $57,000 were declared on the common shares today. Prepare journal entries for the above transactions, entering the transaction letter as the explanation. Also, enter dates in the format dd/mmm (ie. 15/Jan). www Moth Mar 100 the common Mach1 11000.com land 44000 March 26 15 000 herredshes were 540 300 Marche copre 14000 comments in the Medictors and the rest 000 MG 31 into the decision of the divided on Semen shoes mestom, men den
Stake Technology Inc. began a very lucrative consulting operation on March 1, 2014. They are authorized to issue 500,000 shares of $3.00 cumulative preferred shares. They are also authorized to issue 700,000 common shares.
March 4 : Issued 10,000 preferred shares at $5.39 per share for cash.
March 5 : 13,000 of the common shares were issued for a total of $59,800 cash.
March 11 : 11,000 common shares were issued in exchange for land valued at $44,000.
March 26 : 13,000 of the preferred shares were issued for a total of $40,300 cash.
March 28 : Gave the corporation's promoters 14,000 common shares for their services in organizing the corporation. The directors valued the services at $60,000.
March 31 : In addition to the declaration of the annual dividend on the preferred shares, dividends of $57,000 were declared on the common shares today.
Prepare journal entries for the above transactions, entering the transaction letter as the explanation. Also, enter dates in the format dd/mmm (ie. 15/Jan).
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