This Website Has Been Moved To A New Address

Loading

Susie Systems completed the following stock issuance transactions:

Price: $2.99


Susie Systems completed the following stock issuance transactions:

May 19 Issued 2,000 shares of $1 par common stock for cash of $9.50 per share.

Jun 3 Sold 300 shares of $3, no-par preferred stock for $15,000 cash.
11 Received equipment with market value of $78,000. Issued 3,000 shares of the $1 par common stock in exchange.

Requirements

1. Journalize the transactions. Explanations are not required.

2. How much paid-in capital did these transactions generate for Susie Systems?

No comments:

Post a Comment