Question: what would i do for March 1? During its first year of operations, Rhovanian incorporated completed the following transactions relating to shareholders equity, January 5
During its first year of operations, Rhovanian incorporated completed the following transactions relating to shareholders" equity, January 5 : issued 310,000 of its common shares for $8 per share and 2.100 preferred thares at $110. February 12: lssued 41,000 shares of common stock in exchange for equipment with a known cash price of $292,000. March 1: Issued 180 milion of its $1 par common shares to its underwriters for $5,800,000 less promotional and accounting services of $80,000 to effect the issue. The articles of incorporation authorize 5,000,000 shares with a par of $1 per share of common and 1,000,000 preferred shares with a par of $100 per share
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