Answer Happy

Entries Date Account Title Debit Credit 3/April Cash (9000×2)
$18,000 To Preferred Share A/c $18,000 (Being 9,000 preffered share
issue for cash) Jan 11 Cash $72,000 To preffered Share A/c $72,000
(Being 9000, common share issue for total consideration of $72,000)
8/April Cash $30,000 To Common Share A/c $30,000 (Being 10,000,
common share issue for total consideration of $30,000) 11/April
Cash $108,000 Preference Share capital (12000×2) $24,000 Common
Share (12000×7) $84,000 (Being 12,000 Preference share and 12,000
common share issue for cash) 13/April Cash $91,000 Preference share
capital (14,000×6.50) $91,000 (Being 14,000 Preference share issue)
16/April Cash $12,000 To Preference Share $12,000 (Being 6,000
preference share issue for total consideration of $12,000) 22/April
Goodwill A/c $36,000 To Common Share A/c $36,000 (Being issue of
9,000 common share to the promoter of company for render of
services) 24/April Land A/c $13,000 To Common Share A/c $31,000
(Being 13,000 share issue in exchange
i need help
of land with value $13,000)