Chapter 6
Corporations: Contributed Capital and Dividends
294
Required
a) Prepare the journal entries to record the above transactions (including the entries to
record the formation of Flanders Inc.).
Date
Account Title and Explanation
Debit
Credit
b) Determine the total number and value of common shares issued and outstanding as at
March 31, 2017, by completing the following table.
Date
# of shares issued
$ per share
Total
