During its first year of operations, Sunland Ltd had the following transactions pertaining to its...
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During its first year of operations, Sunland Ltd had the following transactions pertaining to its capital. Jan. 10 Issued 63,600 shares for cash at $5 per share Issued 20.400 shares for cash at $10 per share July 1 (a) Journalise the transactions, assuming that the share issues were private placements. (Enter debit entries first followed by Credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually) SunLand Ltd General journal Debit Credit Date Account and explanation $ SA Share issue by private placement Jan. 10 (Being issue of shares by private placement) July 1 (Being issue of shares by private placement)
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