Journalize both


The San Antonio Corporation began operations on April 1 by issuing 60,000 shares of $5 par value common stock for cash at $13 per share. On April 19, it issued 2,000 shares of common stock to attorneys in settlement of their bill of $27,500 for organization costs. Journalize both issuances, assuming the stock is not publicly traded.

Request for Solution File

Ask an Expert for Answer!!
Accounting Basics: Journalize both
Reference No:- TGS0911452

Expected delivery within 24 Hours