Recording the Sale of Common Shares} Green Company, a food colouring manufacturer that provides its products to

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Recording the Sale of Common Shares}

Green Company, a food colouring manufacturer that provides its products to large processed food corporations, issues 450,000 shares of common shares (par value \(\$ 0.10\) ) for \(\$ 22\) per share on September 30, 2018.

\section*{Required:}

Prepare the necessary journal entry to record this transaction.

\section*{Brief Exercise

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Cornerstones Of Financial Accounting

ISBN: 9780176707125

2nd Canadian Edition

Authors: Jay Rich, Jefferson Jones, Maryanne Mowen, Don Hansen, Donald Jones, Ralph Tassone

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