Accustart Ltd. was incorporated as a private company on January 2, 2021, and is authorized to issue an unlimited number of common shares and $1 preferred shares. The company had the following share transactions in its first month of operations: Jan. 6 Issued 190,000 common shares for $1.60 per share. Issued 49,000 common shares for $1.67 per share. Issued 10,700 preferred shares for $27.00 per share. Issued 499,000 common shares for $2.00 per share. Repurchased 220,000 common shares at $1.90 per share. Issued 9,900 common shares in exchange for $14,850 of legal services. 27823 12 17 18 24 31

Accustart Ltd. was incorporated as a private company on January 2, 2021, and is authorized to issue an unlimited number of common shares and $1 preferred shares. The company had the following share transactions in its first month of operations: Jan. 6 Issued 190,000 common shares for $1.60 per share. Issued 49,000 common shares for $1.67 per share. Issued 10,700 preferred shares for $27.00 per share. Issued 499,000 common shares for $2.00 per share. Repurchased 220,000 common shares at $1.90 per share. Issued 9,900 common shares in exchange for $14,850 of legal services. 27823 12 17 18 24 31

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter14: Corporation Accounting

Section: Chapter Questions

Problem 8PA: Aggregate Mining Corporation was incorporated five years ago. It is authorized to issue 500,000...

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