WEEK 7 NOTE: REFER TO THE SCREENSHOT ON HOW TO FILL IN. ALSO TO VIEW WHAT IS IN THE ANSWER BOX CLICK ON THE BOX EXERCISE 11-7 Mar.  2 Organization Expense  38,000 Common Stock (5,000 X $1)   5,000 Paid-in Capital in Excess of Par   —Common Stock  33,000 June 12 Cash 475,000 Common Stock (60,000 X $1)  60,000 Paid-in Capital in Excess of Par   —Common Stock 415,000 July 11 Cash (1,000 X $110) 110,000 Preferred Stock (1,000 X $100) 100,000 Paid-in Capital in Excess of Par   Value—Preferred Stock   (1,000 X $10)  10,000 Nov. 28 Treasury Stock  18,000 Cash  18,000 Exercise 11-7 Your answer is correct. Fallow Co. had the following transactions during the current period. Mar. 2 Issued 5,000 shares of $1 par value common stock to attorneys in payment of a bill for $38,000 for services provided in helping the company to incorporate. June 12 Issued 60,000 shares of $1 par value common stock for cash of $475,000. July 11 Is

There are several high income and economic development businesses run by governments and other private developers all over the world. Among these ...