Question
Willy issued 10,000 Shares of No Par value common stock and 3,000 shares of No Par Value Perrefered stock to a venture captalist in return
Willy issued 10,000 Shares of No Par value common stock and 3,000 shares of No Par Value Perrefered stock to a venture captalist in return for $1,200,000. The Common Stock had a market value of $60 per share and the perferred stock had a market value of $300 per share.
Required:
- Show the Entry record the issuance of this stock.
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Global Accounting And Control A Managerial Emphasis
Authors: Sidney J. Gray, Stephen B. Salter, Lee H. Radebaugh
1st Edition
0471128082, 978-0471128083
