Santana Rey created Business Solutions on October 1,2021. The company has been successful, and Santana...
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Santana Rey created Business Solutions on October The company has been successful, and Santana plans to expand her business. She believes that an additional $ is needed and is investigating three funding sources. a Santana's sister Cicely is willing to invest $ in the business as a common shareholder. Because Santana currently has about $ invested in the business, Cicely's investment will mean that Santana will maintain about ownership and Cicely will have ownership of Business Solutions. b Santana's uncle Marcello is willing to invest $ in the business as a preferred shareholder. Marcello would purchase shares of $ par value, preferred stock. c Santana's banker is willing to lend her $ on a year note payable. She would make monthly payments of $ for years. Required: Prepare the journal entry to reflect the initial $ investment under each of the options and 
Santana Rey created Business Solutions on October The company has been successful, and Santana plans to expand her
business. She believes that an additional $ is needed and is investigating three funding sources.
a Santana's sister Cicely is willing to invest $ in the business as a common shareholder. Because Santana currently has
about $ invested in the business, Cicely's investment will mean that Santana will maintain about ownership and
Cicely will have ownership of Business Solutions.
b Santana's uncle Marcello is willing to invest $ in the business as a preferred shareholder. Marcello would purchase
shares of $ par value, preferred stock.
c Santana's banker is willing to lend her $ on a year note payable. She would make monthly payments of $ for
years.
Required:
Prepare the journal entry to reflect the initial $ investment under each of the options and
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