hannasavan1980 hannasavan1980

19-12-2022
Business

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blossom company began operations on april 1 by issuing 54,200 shares of $5 par value common stock for cash at $16 per share. on april 19, it issued 1,500 shares of common stock to attorneys in settlement of their bill of $27,900 for organization costs. in addition, blossom issued 1,200 shares of $2 par value preferred stock for $6 cash per share. journalize the issuance of the common and preferred shares, assuming the shares are not publicly traded.

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