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urgent plz Sequra Corporation began a very lucrative consulting operation on November 1 , 7014 Thoy are authorized to issue 450.000 shares of $5.00 cumulative
urgent plz
Sequra Corporation began a very lucrative consulting operation on November 1 , 7014 Thoy are authorized to issue 450.000 shares of $5.00 cumulative preferred snares. Theyare also authcvized to tssue 5m ,DOO comnwn shares a. November 7 Issued 14,000 preferred shales at Sd 99 por share tor cash b Novembet 8 6.000 0' the preferred shares we'e Lssued lot a total 01 S70,200 cash November 12 11,000 ot the common shares were Issued tor a total of $55,000 cash. d November 15 6,000 common shares issued in exchange lor land valued at $6,000 e Novembe' 27 Gave the corporation's promoters 11000 common shares tot 'heir services in the corporabon. The directors valued tho services at $33,000 f November 30 In additton to the declaratron of the annual dividend on the preferred shares dvvedends of $16,800 were declared on the common shares today. Prepare journal entnes tor the above transactions. entenng the transaction letter as the explanat'0n Also, enter dales in the format dd'mmm (ie
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