1/1 Owner invested $300,000 cash in exchange for 35,000 shares of $10 par value common stock in Celebrity Consultants, Inc. 1/31 Declared and paid cash dividend of $.10 per share to the shareholders of record on 1/31. I do not know whether or how I record 1/31 transaction in a general journal.

1/1 Owner invested $300,000 cash in exchange for 35,000 shares of $10 par value common stock in Celebrity Consultants, Inc. 1/31 Declared and paid cash dividend of $.10 per share to the shareholders of record on 1/31. I do not know whether or how I record 1/31 transaction in a general journal.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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