State of louisiana to form the your accounting corporation

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Reference no: EM133560970

Question: You filed a charter with the State of Louisiana to form the your Accounting Corporation. The charter authorizes you to issue 50000 shares of $2 par common stock. The state charged you a $175 fee to file the charter. Since your business is not yet approved, you had to pay this fee using personal funds. 9/1 You received your charter from the State of Louisiana and officially opened your business. Your first order of business was to become a shareholder of your Accounting Corp. So, you purchased 5000 shares of common stock by issuing a check to your Accounting Corp for $50,000. You used this money to open a checking account at First Funds Bank. 10/25 You declared and paid dividends of $0.10 per share to shareholders of record. The dividends are paid by issuing check #118.

Reference no: EM133560970

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