Time Travel Publishing Was Recently Organized As A Corporation The Company Issued Common Stock To An Attomey Who Provid 1 (37.69 KiB) Viewed 102 times
Time Travel Publishing Was Recently Organized As A Corporation The Company Issued Common Stock To An Attomey Who Provid 2 (41.21 KiB) Viewed 102 times
Time Travel Publishing was recently organized as a corporation. The company issued common stock to an attomey who provided legal services worth $20,000 to help with the incorporation Time Travel also issued common stock to an inventorin exchange for her patent with a market value of $75,000 In addition Time Travel recolved cash both for the issuance of 3,000 shares of its preferred stock at $50 per share and for the issuance of 18,000 of its common shares at 59 per share. During the first year of operations, Time Travel earned net income of $65,000 and declared a cash dividend of $24,000 Read the requirement Requirement 1. Without making journal entries, determine the total paid in capital created by these transactions Complete the table below by selecting the transactions that result in paid in capital and then enter the amounts to calculate total paid-In capital for the period. (If an Input field is not used in the table leave the field empty, do not select a label or enter a zero) Paid in capital Transaction Total paid in capital
y se Х tall Requirement acti 1. Without making journal entries, determine the total paid-in capital created by these transactions. Print Done
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