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The following stock transactions were completed during the first year 1. January 15 Issued 95,000 shares of common stock for cash at $8 per share.
The following stock transactions were completed during the first year 1. January 15 Issued 95,000 shares of common stock for cash at $8 per share. (marks) 2. January 30 Issued 35,000 shares of preferred stock for cash at $103 per share. (6 marks) 3. March 15 Issued 20,000 shares of common stock for a factory machinery. The appraised value of the factory machinery was $130.000. The exchange value of share in mock exchange was 5 that time. (Omarks) 4. April 16 issued 10,000 preferred stock and 20,000 common stock were issued at 102 & 56 respectively. (10 marks) 5. leted 10,000 common stock and 1,000 preferred stock for a lump sum amount of $20,000 on 1st Ag, 2019 Market value of common stock was $10 per share on dute of me, marks) Required: Prepare the journal entries to record the above tractions Kindly copy paste following table in awe. Date Details De
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