E 1 3 5 Shanghai Corporation engaged in the following share transactions in the first quarter of
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Question:
E Shanghai Corporation engaged in the following share transactions in the first quarter of their fiscal year:
Jan. Issued common shares for cash of $ per share.
Feb. Sold $ Class A preferred shares for $ cash to new investors.
Received inventory valued at $ and vehicles with market value of $ for common shares.
Mar. Issued $ Class B preferred shares for $ per share
Required
Journalize the transactions. Explanations are not required.
How much contributed capital did these transactions generate for Shanghai Corporation?
Related Book For
Horngrens Accounting
ISBN: 9780135359785
11th Canadian Edition Volume 2
Authors: Tracie Miller Nobles, Brenda Mattison, Ella Mae Matsumura, Carol A. Meissner, Jo Ann Johnston, Peter R. Norwood
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