Journal entry for 19,000 shares of common stock issued for 152,000 of cash. a. The stock has

Question:

Journal entry for 19,000 shares of common stock issued for 152,000 of cash.

a. The stock has neither par nor stated value.

b. The stock has a $2 par value.

c. The stock has a $5 stated value.

Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on...