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Tony and Suzie have purchased land for a new camp. Now they need money to build the cabins, dining facility, a ropes course, and an
Tony and Suzie have purchased land for a new camp. Now they need money to build the cabins, dining facility, a ropes course, and an
outdoor swimming pool. Tony and Suzie first checked with Summit Bank to see if they could borrow an additional $ million, but
unfortunately the bank turned them down as too risky. Undeterred, they promoted their idea to close friends they had made through
the outdoor clinics and TEAM events. They decided to go ahead and sell shares of stock in the company to raise the additional funds
for the camp.
Great Adventures has authorized $ par value common stock. When the company began on July Tony and Suzie each
purchased shares shares total of $ par value common stock at $ per share. The following transactions affect
stockholders' equity during the remainder of :
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