Question: I am completely lost on how to create the journal entries and balance sheet for this preferred stock entry. InVest to whom shares of preferred

I am completely lost on how to create the journal entries and balance sheet for this preferred stock entry.

InVest to whom shares of preferred stock and warrants were issued, in exchange for $100 million. The Preferred Stock Issuance Par value $0.01 per share. Total shares 250,000.

Warrantie Agreement.

The Warrants are initially exercisable for 300,000 shares of Preferred Stock. Exercise price $0.01 per share.

term The Warrants may be exercised at any time on or after issuance and will expire 10 years later or upon the occurrence of a Deemed Liquidation Event.

please assume a Market Value of $200 for the Preferred Stock and $2 for the Warrants. This will be necessary to illustrate the Balance Sheet representation of the applicable amounts in the supplemental instructions. For your Journal entries you may assume the same and a common stock par value of $0.01. If you complete calculations for your Journal entries (above and beyond) you will need these amounts.

I am sorry but this one has me stumped. There are no dates. Please show the work. Let me know if you have any questions, thank you!

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