Wildhorse Corporation was organized on January It is authorized to issue shares of $ par value preferred stock
and shares of nopar common stock with a stated value of $ per share. The following stock transactions were completed
during the first year.
Jan. Issued shares of common stock for cash at $ per share.
Mar. Issued shares of preferred stock for cash at $ per share.
May Issued shares of common stock for cash at $ per share.
Sept. Issued shares of common stock for cash at $ per share.
Nov. Issued shares of preferred stock for cash at $ per share.
a
Prepare a tabular summary to record the transactions. If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity,
place a negative sign or parentheses in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.
