Received inventory valued at 16000 and equipment with, Ask an Expert

Accounting

Issued 12,000 shares of 2.00 par common stock for cash of 6.00 per share.

Issued 400 shares of 1.00 no par preferred stock for 54,000 cash

Received inventory valued at $16,000 and equipment with market value of $9,500 for $3,700 shares of the $2.00 par common stock

Journalize the transactions and Prepare the stockholders equity section

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9432816

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