During its first year of operations, Criswell Inc. completed the following transactions relating to shareholders' equity. The articles of incorporation authorize 5,000,000 shares with a par of $1 per share of common and 1,000,000 preferred shares with a par of $100 per share.
Required:
Record the above transactions in general journal form.

Question

During its first year of operations, Criswell Inc. completed the following transactions relating to shareholders' equity.  The articles of incorporation authorize 5,000,000 shares with a par of $1 per share of common and 1,000,000 preferred shares with a par of $100 per share.
Required:
Record the above transactions in general journal form.

Quizplus · Accepted Answer

The Answer of During its first year of operations, Criswell Inc. completed the following transactions relating to shareholders' equity.  The articles of incorporation authorize 5,000,000 shares with a par of $1 per share of common and 1,000,000 preferred shares with a par of $100 per share.
Required:
Record the above transactions in general journal form.

During Its First Year of Operations, Criswell Inc