This paper circulates around the core theme of Susan Graham Corp. was organized on January together with its essential aspects. It has been reviewed and purchased by the majority of students thus, this paper is rated 4.8 out of 5 points by the students. In addition to this, the price of this paper commences from £ 79. To get this paper written from the scratch, order this assignment now. 100% confidential, 100% plagiarism-free.
Susan Graham Corp. was organized on January 12, 2014. It is authorized to issue 10,000 shares of 8%, $50 par value preferred stock and 500,000 shares of $2 par value common stock. Transactions completed during the year. Jan 10 Issued 80,000 shares of common stock for cash at $5 per share. Mar 1 Issued 5,000 shares of preferred stock for cash at $108 per share. May 1 Issued 80,000 shares of common stock for cash at $7 per share. Nov 1 Issued 1,000 shares of preferred stock for cash at $112 per share. Prepare Journal Entries.