To record the transactions in general journal form: 1. The following events apply to Montgomery Company for 2016, its first year of operation: 1.Let's analyze the impact of each transaction on Montgomery Company's assets, liabilities, and equity stepbystep. Alternatively, did the trial court err in awarding all of the collateral shares to the secured party, without first resolving the amount due under the. Learn to evaluate, buy, sell, and profit from stocks. Your company cannot issue stock. The Planning Board approves the site plan after preliminary subdivision plan approval and before building permits can be issued. To create a free account, please fill out the form below. Up to three business days1. The employee could exercise the option, pay the exercise price and would be issued with ordinary shares in the company.