Question: Needing help on homework. Please show work can I can see what I did wrong and how to correct my mistakes moving forward. thanks! Mar.

Needing help on homework. Please show work can I can see what I did wrong and how to correct my mistakes moving forward. thanks!

Mar. Issued 4,300 shares of $4 par value common stock to attorneys in payment of a bill for $22,300 for services performed in helping the company to incorporate.
June Issued 59,300 shares of $4 par value common stock for cash of $321,900.
July Issued 2,325 shares of $100 par value preferred stock for cash at $130 per share.

march -

Common stock ___?____

Paid in capitol excess of par common stock ___?____

June

Common stock __?___

Paid in capitol excess of par common stock ___?__

July

Cash __?___

Common stock ___?___

Paid in capitol excess of par common __?___

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!