Chapter problem
Last Homework Corporation is authorized to issue shares of $ par value common stock. During its first year of operation, the company had the following stock transactions.
Jan. Issued shares of stock at $ per share.
Jan. Attorneys for the company accepted shares of common stock as payment for legal services rendered in helping the company incorporate. The legal services are estimated to have a value of $
July Issued shares of stock for land. The land had an asking price of $ The stock is currently selling on a national exchange at $ per share.
Instructions
Journalize the transactions for Last Homework Corporation.
tableDateALSERENICFAccount,DRCRJan mil,,,,,,,,IACommon Stock
