The partners who own Cohen Rafts Inc. wished to avoid the unlimited personal liability of the partnership form of business, so they incorporated as Cohen Rafts. Inc. The charter from the state of Colorado authorizes the corporation to issue 140,000 shares of $12 par common stock. In its first month, Cohen Rafts, Inc., completed the following transactions: (Click the icon to view the transactions.) Read the requirements Requirement 1. Record the transactions in the journal. (Record debits first, then credits. Exclude explanations from any journal entries.) Aug 6: Issued 200 shares of common stock to the promoter for assistance with issuance of the common stock. The promotional fee was $5,400. Debit Organization Expense. Journal Entry Accounts Date Debit Credit Aug Choose from any list or enter any number in the input fields and then continue to the next question The partners who own Cohen Rafts Inc. wished to avoid the unlimited personal liability of the partnership form of business, so they incorporated as Cohen Rafts, Inc. The charter from the state of Colorado authorizes the corporation to issue 140,000 shares of $12 par common stock. In its first month, Cohen Rafts, Inc., completed the following transactions: A (Click the icon to view the transactions.) Read the requirements, Aug 9: Issued 11,000 shares of common stock to Anna Bergen and 12,000 shares to Cara Cohen in return for cash equal to the stock's market value of $23 per share. The two women were partners in Cohen Rafts, Co. Journal Entry Accounts Date Debit Credit Aug Choose from any list or enter any number in the input fields and then continue to the next question. The partners who own Cohen Rafts Inc. wished to avoid the unlimited personal liability of the partnership form of business, so they incorporated as Cohen Rafts, Inc. The charter from the state of Colorado authorizes the corporation to issue 140,000 shares of $12 par common stock. In its first month, Cohen Rafts, Inc., completed the following transactions (Click the icon to view the transactions.) Read the requirements. Aug 26: Issued 900 shares of common stock for $21 cash per share. Journal Entry Accounts Date Debit Credit Aug Requirement 2. Prepare the stockholders' equity section of the Cohen Rafts, Inc., balance sheet at August 31, 2019. The ending balance of Retained Earnings is $75,000. (Enter the accounts in the proper order for the stockholders' Choose from any list or enter any number in the input fields and then continue to the next question. The partners who own Cohen Rafts Inc. wished to avoid the unlimited personal liability of the partnership form of business, so they incorporated as Cohen Rafts, Inc. The charter from the state of Colorado authorizes the corporation to issue 140,000 shares of $12 par common stock. In its first month, Cohen Rafts, Inc., completed the following transactions: (Click the icon to view the transactions.) Read the requirements Requirement 2. Prepare the stockholders' equity section of the Cohen Rafts, Inc., balance sheet at August 31, 2019 The ending balance of Retained Earnings is $75,000. (Enter the accounts in the proper order for the stockholders' equity section of the balance sheet.) Cohen Rafts, Inc. Balance Sheet (partial) August 31, 2019 Stockholders' Equity: par shares shares Choose from any list or enter any number in the input fields and then continue to the next question. The partners who own Cohen Rafts Inc. wished to avoid the unlimited personal liability of the partnership form of business, so they incorporated as Cohen Rafts, Inc. The charter from the state of Colorado authorizes the corporation to issue 140,000 shares of $12 par common stock. In its first month, Cohen Rafts, Inc., completed the following transactions: (Click the icon to view the transactions.) Read the requirements. August 31, 2019 Stockholders' Equity: par shares shares Total paid-in capital Total stockholders' equity Choose from any list or enter any number in the input fields and then continue to the next question. U w o w on IRUN GUN. HOIULUI, CUIUM FOILS, IL LUOOUUD JUHUW More Info Aug 6 Issued 200 shares of common stock to the promoter for assistance with issuance of the common stock. The promotional fee was $5,400. Debit Organization Expense. 9 Issued 11,000 shares of common stock to Anna Bergen and 12,000 shares to Cara Cohen in return for cash equal to the stock's market value of $23 per share. The two women were partners in Cohen Rafts Co. 26 Issued 900 shares of common stock for $21 cash per share. Print Done 0 Requirements 1. Record the transactions in the journal. 2. Prepare the stockholders' equity section of the Cohen Rafts, Inc., balance sheet at August 31, 2019. The ending balance of Retained Earnings is $75,000. Print Done The partners who own Cohen Rafts Inc. wished to avoid the unlimited personal liability of the partnership form of business, so they incorporated as Cohen Rafts, Inc. The charter from the state of Colorado authorizes the corporation to issue 140,000 shares of $12 par common stock. In its first month, Cohen Rafts, Inc., completed the following transactions: (Click the icon to view the transactions.) Read the requirements. Requirement 1. Record the transactions in the journal. (Record debits first, then credits. Exclude explanations from any journal entries.) Aug 6: Issued 200 shares of common stock to the promoter for assistance with issuance of the common stock. The promotional fee was $5,400. Debit Organization Expense. Journal Entry Accounts Date Debit Credit AU Choose from any list or enter any number in the input fields and then continue to the next question The partners who own Cohen Rafts Inc. wished to avoid the unlimited personal liability of the partnership form of business, so they incorporated as Cohen Rafts, Inc. The charter from the state of Colorado authorizes the corporation to issue 140,000 shares of $12 par common stock. In its first month, Cohen Rafts, Inc., completed the following transactions: A (Click the icon to view the transactions.) Read the requirements. Aug 9: Issued 11,000 shares of common stock to Anna Bergen and 12,000 shares to Cara Cohen in return for cash equal to the stock's market value of $23 per share. The two women were partners in Cohen Rafts, Co. Journal Entry Accounts Date Debit Credit Aug Aun 26: Issued 900 shares of common stock for $21 cash ner share Choose from any list or enter any number in the input fields and then continue to the next question. The partners who own Cohen Rafts Inc. wished to avoid the unlimited personal liability of the partnership form of business, so they incorporated as Cohen Rafts, Inc. The charter from the state of Colorado authorizes the corporation to issue 140,000 shares of $12 par common stock. In its first month, Cohen Rafts, Inc., completed the following transactions: (Click the icon to view the transactions.) Read the requirements Aug 26: Issued 900 shares of common stock for $21 cash per share. Journal Entry Accounts Date Debit Credit Aug 26 Requirement 2. Prepare the stockholders' equity section of the Cohen Rafts, Inc., balance sheet at August 31, 2019. The ending balance of Retained Earnings is $75,000. (Enter the accounts in the proper order for the stockholders' Choose from any list or enter any number in the input fields and then continue to the next question. The partners who own Cohen Rafts Inc. wished to avoid the unlimited personal liability of the partnership form of business, so they incorporated as Cohen Rafts, Inc. The charter from the state of Colorado authorizes the corporation to issue 140,000 shares of $12 par common stock. In its first month, Cohen Rafts, Inc., completed the following transactions: (Click the icon to view the transactions.) Read the requirements. Requirement 2. Prepare the stockholders' equity section of the Cohen Rafts, Inc., balance sheet at August 31, 2019 The ending balance of Retained Earnings is $75,000. (Enter the accounts in the proper order for the stockholders' equity section of the balance sheet.) Cohen Rafts, Inc. Balance Sheet (partial) August 31, 2019 Stockholders' Equity: par shares shares Choose from any list or enter any number in the input fields and then continue to the next question. The partners who own Cohen Rafts Inc. wished to avoid the unlimited personal liability of the partnership form of business, so they incorporated as Cohen Rafts, Inc. The charter from the state of Colorado authorizes the corporation to issue 140,000 shares of $12 par common stock. In its first month, Cohen Rafts, Inc., completed the following transactions: A (Click the icon to view the transactions.) Read the requirements. August 31, 2019 Stockholders' Equity: par shares shares II Total paid-in capital Total stockholders' equity Choose from any list or enter any number in the input fields and then continue to the next question. The partners who own Cohen Rafts Inc. wished to avoid the unlimited personal liability of the partnership form of business, so they incorporated as Cohen Rafts, Inc. The charter from the state of Colorado authorizes the corporat. to issue 140,000 shares of $12 par common stock. In its first month, Cohen Rafts, Inc., completed the following transactions More Info Aug 6 Issued 200 shares of common stock to the promoter for assistance with issuance of the common stock. The promotional fee was $5,400. Debit Organization Expense. 9 Issued 11,000 shares of common stock to Anna Bergen and 12,000 shares to Cara Cohen in return for cash equal to the stock's market value of $23 per share. The two women were partners in Cohen Rafts Co. 26 Issued 900 shares of common stock for $21 cash per share. Print Done Total stockholders' equity Choose from any list or enter any number in the input fields and then continue to the next question. BUSINEss, so they incorporated as Loher RunS, INC. ITB Uldle HUIUIOS UIUIU UUUUU UU Upura o issue 140,000 shares of $12 par common stock. In its first month, Cohen Rafts, Inc., completed the following Tansactions: * Requirements 1. Record the transactions in the journal. 2. Prepare the stockholders' equity section of the Cohen Rafts, Inc., balance sheet at August 31, 2019. The ending balance of Retained Earnings is $75,000. Print Done Total stockholders' equity Choose from any list or enter any number in the input fields and then continue to the next