Solution-How much paid-in capital did these transactions

How much paid-in capital did these transactions generate

Reference no: EM131770914

What would the following journal entry be for the following:

May 19 Issued 1,200 shares of $2 par value common stock for cash of $10.00 per share.

Jun. 3 Isssued 400 shares of $8, no-par preferred stock for $20,000 cash.

Jun. 11 Received equipment with a market value of $74,000 in exchange for 6,000 shares of the $2 par value common stock.

How much paid-in capital did these transactions generate?

Reference no: EM131770914

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How much paid-in capital did these transactions generate

Reference no: EM131770914

Reference no: EM131770914

Questions Cloud

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Accounting Basics Questions & Answers

How much control does fed have over this longer real rate

Coures:- fundamental accounting principles

Accounting problems

Theory of interest - term structure of interest rates

Write a report on internal controls

Prepare the bank reconciliation for company

Cost-benefit analysis

Theory of interest

Liquidity and profitability

What is the expected risk premium on the portfolio

Simple interest and compound interest

Capm and venture capital

Assured A++ Grade

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