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Victoria spa is a private company that follows ASPE. has been authorized to issue an unlimited number of common shares and 5 0 0 0
Victoria spa is a private company that follows ASPE. has been authorized to issue an unlimited number of common shares and preferred shares. The dividend rate for the preferred shares is $ per share. These transactions took place during in relation to these shares.
September Victoria spa issued common and preferred shares for a total of $ Victoria Spa was unable to estimate afair value of the preferred shares, however the value of common share is $ per share.
Nov the company has offered their senior manager a compensation incentive which entails the oppurtunity to purchase common shares for $ to be paid by Dec. The manager has accepted and signed a note payable. YouU do not need to account for interest. The shares were issued immendiately.
Dec of the subscriptions issued on Feb subscribers defaulted meanwhile the rest paid in full. The company policy is that defaulting subscribers would not be issued shares for any amount that had beed paid and no cash would be refunded.
Dec the company declared a dividend of $ for
PREPARE THE JOURNAL ENTRIES TO RECORD THE TRANSACTIONS FOR THE YR
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