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On January 1,2014,Illusions,Inc

Question 77

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On January 1,2014,Illusions,Inc.issued 800 shares of $80 par value,callable preferred shares for $80,000.Illusions has the right to call the shares on January 1,2015 for $100 per share.What is the necessary journal entry to record the issuance of the callable shares?


A) On January 1,2014,Illusions,Inc.issued 800 shares of $80 par value,callable preferred shares for $80,000.Illusions has the right to call the shares on January 1,2015 for $100 per share.What is the necessary journal entry to record the issuance of the callable shares? A) B) C) D)
B) On January 1,2014,Illusions,Inc.issued 800 shares of $80 par value,callable preferred shares for $80,000.Illusions has the right to call the shares on January 1,2015 for $100 per share.What is the necessary journal entry to record the issuance of the callable shares? A) B) C) D)
C) On January 1,2014,Illusions,Inc.issued 800 shares of $80 par value,callable preferred shares for $80,000.Illusions has the right to call the shares on January 1,2015 for $100 per share.What is the necessary journal entry to record the issuance of the callable shares? A) B) C) D)
D) On January 1,2014,Illusions,Inc.issued 800 shares of $80 par value,callable preferred shares for $80,000.Illusions has the right to call the shares on January 1,2015 for $100 per share.What is the necessary journal entry to record the issuance of the callable shares? A) B) C) D)

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