Aloha Corporation issues 6,000 shares of its common stock for $144,000 cash on February 20. Prepare journal

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Aloha Corporation issues 6,000 shares of its common stock for $144,000 cash on February 20. Prepare journal entries to record this event under each of the following separate situations:

1. The stock has neither par nor stated value.

2. The stock has a $20 par value.

3. The stock has a $8 stated value.

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Financial Accounting Information For Decisions

ISBN: 9780072974720

3rd Edition

Authors: John J Wild

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Question Posted: Jun 21, 2024 09:05 AM

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Aloha Corporation issues 6,000 shares of its common stock for $144,000 cash on February 20. Prepare journal

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Financial Accounting Information For Decisions

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