The following transactions took place in June for the Holista Corporation: 1st Issued...
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Accounting
The following transactions took place in June for the Holista Corporation:
1st Issued 1,000 shares of $100 preferred shares.
10th Issued 3,000 shares of common shares for $18 per share.
15th Received land with a fair market value of $60,000 and a building with a fair market value of $180,000 in exchange for 15,000 shares of common shares.
Which of the following is the correct journal entry for June 1st transaction?
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