The partners who owns Dunn Rafts Inc. wished to avoid the unlimited personal liability of the partnership from of business, so they incorporated as Dunn Rafts, Inc. The charter from the state of Colorado authorizes the corporation to issue 160,000 shares of $3 par common stock. In its first month, Dunn Rafts, Inc. completed the following transactions:

Requirement 1. Record the transactions in journal.

Requirement 2. Prepare the stockholders' equity section of Dunn Rafts, Inc, balance shet at january 31 , 2019. The ending balance of Retained Earnings is $90,000.

Thanks in advance!

The partners who own Dunn Ralts Inc wished to avoid the unlimited personal liability of the partnership form of business, so they incorporated as Dunn Rafts, Inc. The charter issue 160,000 shares of $3 par common stock In its first month Dunn 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 debita fiest, then creditu. Exclude explanations from any journal entnien.) Jan 6 heud 500 shares of common stock to the promoter for assistance with sunce of the common stock. The promotional fot was $12.500. Debit Organization Experte Journal Entry Date Accounts Credit Jan Debit Jan 9 Insued 9,000 shares of common stock to Betty Callahan and 22.000 shares to Daniel Dunn in return for cash equal to the stock market value of $22 per share the two Journal Entry Choose from any list or enter any number in the input fields and then continue to the next question o nlimited personal liability of the partnership form of business, so they incorporated as Dunn Rafts, Inc. The charte nth, Dunn Rafts, Inc., completed the following transactions: More Info Ins Jan 6 Issued 500 shares of common stock to the promoter for assistance with issuance of the common stock. The promotional fee was $12,500. Debit Organization Expense. 9 Issued 9,000 shares of common stock to Betty Callahan and 22,000 shares to Daniella Dunn in return for cash equal to the stock's market value of $22 per share. The two women were partners in Dunn Rafts Co. 26 Issued 1,200 shares of common stock for $18 cash per share. Print Done he ids and then continue to the next question O The partners who own Dunn Rafts Inc. wished to avoid the unlimited personal liability of the partnership form of business, so they incorporated as Dunn Raft issue 160,000 shares of $3 par common stock. In its first month, Dunn Rafts, Inc, completed the following transactions: Click the icon to view the transactions.) Read the requirements Jan 9 Issued 9,000 shares of common stock to Betty Callahan and 22,000 shares to Daniella Dunn in return for cash equal to the stock's market value of a Journal Entry Accounts Debit Credit Jan Date Jan 26: Issued 1.200 shares of common stock for $18 cash per share Journal Entry Accounts Date Debit Credit Choose from any list or enter any number in the input fields and then continue to the next question The partners who own Dunn Rafts Inc. wished to avoid the unlimited personal liability of the partnership form of business, so they incorpora issue 160,000 shares of $3 par common stock. In its first month, Dunn Rafts, Inc., completed the following transactions (Click the icon to view the transactions.) Read the requirements Jan 26. Issued 1,200 shares of common stock for $18 cash per share Journal Entry Date Accounts Debit Credit Jan 26 Requirement 2. Prepare the stockholders' equity section of the Dunn Rafts, Inc., balance sheet at January 31, 2019. The ending balance of stockholders' equity section of the balance sheet.) Dunn Rafts, Inc. Balance Sheet (partial) Choose from any list or enter any number in the input fields and then continue to the next question The partners who own Dunn Rafts Inc. wished to avoid the unlimited personal liability of the partnership form of business, so they sue 160,000 shares of $3 par common stock. In its first month, Dunn Rafts, Inc., completed the following transactions: iClick the icon to view the transactions.) Read the requirements. VOCATORUOTS qonly toro e cancer Dunn Rafts, Inc. Balance Sheet (partial) January 31, 2019 Stockholders' Equity: par, shares shares Total paid-in capital UNT Total stockholders' equity Choose from any list or enter any number in the input fields and then continue to the next