Alexia corporation was organized on january1 2012 it is

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Reference no: EM13481985

Alexia Corporation was organized on January1, 2012. It is authorized to issue 10,000 shares of 8%, $100 par value preffered stock, and 500,000 shares of no par common stockwith a stated value of $2 per share. The following stock transactions were completed during the first year Jan. 10 Issued 80,000 shares of common stock for cash at $4 per share. Mar. 1 Issued 5,000 shares of preffered stock for cash at $105 per share. Apr. 1 Issued 24,000 shares of common stock for land. The asking price of the land was $90,000. The fair value of the land was $85,000. May. 1 Issued 80,000 shares of common stock for cash at $4.50 per share. Can you help me journalize these?

Reference no: EM13481985

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