RD Holdings Ltd

question 80

Essay

RD Holdings Ltd. which has authorized share capital of an unlimited number of common shares, and no other authorized classes of shares, had the following share transactions during 2014, its first year of operations:
Jan 2 Issued 30,000 common shares at $0.10 each.
Jan 15 Issued 50,000 common shares to Roy Daines in exchange for management services valued at $5,000.
Jan 31 Issued 1,000,000 common shares to Rachel Daines in exchange for merchandise inventory valued at $15,000, land valued at $30,000 and a building valued at $55,000.
Mar 31 Issued 60,000 to Gilmore Law Firm in exchange for legal services. It is assumed that the market price of RD Holding's shares is unchanged since January 2.
Dec 1 Reacquired the shares held by Gilmore Law Firm for $0.25 per share.
Instructions
Record the 2014 share transactions.

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Definitions:

Completing Business Message

The final step in business communication, ensuring the message is clear, concise, and ready for delivery to the intended audience.

Writing Phase

The writing phase is a stage in the process of creating written content where ideas are developed and articulated into a coherent text.

Three-Step Writing Process

A structured approach to writing that includes planning, drafting, and revising to produce effective written communication.

Specific Purpose

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