amyjo0918
Jun 28, 2009, 07:03 PM
Lau Company issue 1000000 shares of $1 par value common stock.
they had the following transactions:
May 10th Issued 30,000 shares of stock for building and land with fair market value of 32,000 and 7,000 respectively.
may 15 Accepted subscriptions to 500,000 shares of its stock for 650,000
May 20 collected full payment on 200,000 shares of the common stock subscribed on may 15. Issued the appropriate shares.
May 27 Collected full payment on 100,000 shares of the common stock subscribed on May 15 and issued the shares.
Help please!!:confused:
they had the following transactions:
May 10th Issued 30,000 shares of stock for building and land with fair market value of 32,000 and 7,000 respectively.
may 15 Accepted subscriptions to 500,000 shares of its stock for 650,000
May 20 collected full payment on 200,000 shares of the common stock subscribed on may 15. Issued the appropriate shares.
May 27 Collected full payment on 100,000 shares of the common stock subscribed on May 15 and issued the shares.
Help please!!:confused: