. Received investment of $37,000 cash by organizers and distributed 1,140 shares of $1 par value common stock to them. b
Posted: Mon May 30, 2022 7:05 am
. Received investment of $37,000 cash by organizers and
distributed 1,140 shares of $1 par value common stock to them. b.
Purchased $8,700 of equipment, paying $1,400 in cash and signing a
note for the rest. c. Borrowed $11,000 cash from a bank. d. Loaned
$700 to an employee who signed a note. e. Purchased $17,718 of
land; paid $5,000 in cash and signed a mortgage note for the
balance.
distributed 1,140 shares of $1 par value common stock to them. b.
Purchased $8,700 of equipment, paying $1,400 in cash and signing a
note for the rest. c. Borrowed $11,000 cash from a bank. d. Loaned
$700 to an employee who signed a note. e. Purchased $17,718 of
land; paid $5,000 in cash and signed a mortgage note for the
balance.