On July 3, Hanoi Artifacts Corporation issued for cash 450,000 shares of no-par common stock at $2.50. On September 1, Hanoi Artifacts issued 10,000 shares of 2%, $25 preferred stock at par for cash. On October 30, Hanoi Artifacts issued for cash 7,500 shares of 2%, $25 par preferred stock at $30. Journalize the entries to record the July 3, September 1, and October 30 transactions.
On July 3, Hanoi Artifacts Corporation issued for cash 450,000 shares of no-par common stock at $2.50. On September 1, Hanoi Artifacts issued 10,000 shares of 2%, $25 preferred stock at par for cash. On October 30, Hanoi Artifacts issued for cash 7,500 shares of 2%, $25 par preferred stock at $30. Journalize the entries to record the July 3, September 1, and October 30 transactions.
College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter20: Corporations: Organization And Capital Stock
Section: Chapter Questions
Problem 3CE: Prepare general journal entries for the following transactions of GOTE Company: (a) Received...
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On July 3, Hanoi Artifacts Corporation issued for cash 450,000 shares of no-par common
stock at $2.50. On September 1, Hanoi Artifacts issued 10,000 shares of 2%, $25
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