Essay
Kanye Corp. offers shares on a subscription basis to selected individuals, giving them the right to purchase 25 common shares at a price of $ 20 per share. On March 1, one hundred individuals accept the company's offer and agree to pay 50% down and the remaining 50% at the end of six months.
Instructions
a) Prepare the journal entries required on Mar 1
b) Prepare the journal entries required on September 1.
Correct Answer:
Verified
Correct Answer:
Verified
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