Top Posters
Since Sunday
r
4
L
4
3
d
3
M
3
l
3
V
3
s
3
d
3
a
3
g
3
j
3
Home Q & A Board Other Fields Homework Help Business Accounting
New Topic  
Harrison Harrison
wrote...
Go to Answer
Posts: 626
Rep: 0 0
6 years ago
The following transactions took place in June for the Holista Corporation:

June 1 Issued 1,000 shares of $100 preferred shares.

10   Issued 3,000 shares of common shares for $18 per share.

15   Received land with a fair market value of $60,000 and a building with a fair market value of $180,000 in exchange for 15,000 shares of common shares.

Prepare journal entries for the above transactions.
Textbook 
Financial Accounting, Canadian Edition

Financial Accounting, Canadian Edition


Edition: 5th
Authors:
Read 103 times
1 Reply
Replies
Answer verified by a subject expert
AlexmosutheAlexmosuthe
wrote...
#1
Posts: 470
Rep: 16 0
6 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

Harrison Author
wrote...

6 years ago
This helped my grade so much Perfect
mkyoungs
wrote...

Yesterday
Thanks for your help!!
rudy.zondo
wrote...

2 hours ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1942 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Related Images
  
 4491
  
 578
  
 334
Your Opinion
Previous poll results: Who's your favorite biologist?