Lenny Corporation was authorized to issue 27,000 shares of common stock . Record the journal entry for

Question:

Lenny was authorized to issue 27,000 shares of . Record the journal entry for each of the following independent situations, assuming Lenny issues 6,200 shares at $17 on July 20, 201X:
a. Common stock has a $10 par value.
b. Common stock has no-par and no stated value.
c. Common stock is no-par stock with a stated value of $10.

Common Stock
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