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Tom Yuppy, a wealthy investor, paid $43,920 for 1,220 shares of $10 par common stock issued to him by Leuig Corp. A month later,
Tom Yuppy, a wealthy investor, paid $43,920 for 1,220 shares of $10 par common stock issued to him by Leuig Corp. A month later, Leuig Corp. issued an additional 2,440 shares of stock to Yuppy for $36 per share. Required Show the effect of the two stock issues on Leuig's books in a horizontal statements model. In the Cash Flow column, indicate whether the item is an operating activity (OA), investing activity (IA), or financing activity (FA). If an element was not affected by the event, leave the cell blank Event 1-Common stock 2-Issue of additional shares LEUIO CORP Horizontal Statements Model Check my work Balance Sheet Assets Cash Land Common Stock Stockholders' Equity PIC in Excess Revenue Income Statement Expense Net Income Statement of Cash Flow
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