shares of $ par common stock. In its first month, Ameen Rafts, Inc., completed the following transactions:
Click the icon to view the transactions.
Read the requirements.
Journal Entry
tableAccountsDebit,Credit,Jan
Jan : Issued shares of common stock for $ cash per share.
Journal Entry section of the balance sheet.
Ameen Rafts, Inc.
Balance Sheet partial
January
Stockholders' Equity:
shares shares par,
Total paidin capital
Total stockholders' equity
More info
tableJan Issued shares of common stock to the promoter for assistance with issuance of theJan tablecommon stock. The promotional fee was $ Debit Organization Expense.in return for cash equal to the stock's market value of $ per share. The two womenwere partners in Ameen Rafts CoIssued shares of common stock for $ cash per share.Jan
