Ravonette Corporation issued 300 shares of $10 par value ordinary shares and 100 shares of\n$50 par value preference shares for a lump sum of $13,500.
Ravonette Corporation issued 300 shares of $10 par value ordinary shares and 100 shares of
\r\n$50 par value preference shares for a lump sum of $13,500. The ordinary shares have a market price of $20 per share, and the preference shares have a market price of $90 per share.
\r\nInstructions
\r\nPrepare the journal entry to record the issuance