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shares of $2 par common stock. In its first month, Ameen Rafts, Inc., completed the...

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Accounting

shares of $2 par common stock. In its first month, Ameen Rafts, Inc., completed the following transactions:
(Click the icon to view the transactions.)
Read the requirements.
Journal Entry
\table[[Accounts,Debit,Credit,],[Jan,9,,],[,,,],[,,,],[,,,]]
Jan 26: Issued 1,200 shares of common stock for $24 cash per share.
Journal Entry section of the balance sheet.)
Ameen Rafts, Inc.
Balance Sheet (partial)
January 31,2022
Stockholders' Equity:
shares , shares par,
Total paid-in capital
Total stockholders' equity
More info
\table[[Jan 6,Issued 500 shares of common stock to the promoter for assistance with issuance of the],[Jan 9,\table[[common stock. The promotional fee was $12,500. Debit Organization Expense.],[in return for cash equal to the stock's market value of $5 per share. The two women],[were partners in Ameen Rafts Co.],[Issued 1,200 shares of common stock for $24 cash per share.]]],[Jan 26,]]
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