Evan Company received 200 shares of its ($ 200) stated value common stock on December 1, 1998,
Question:
Evan Company received 200 shares of its \(\$ 200\) stated value common stock on December 1, 1998, as a donation from a stockholder. On December 15, 1998, it reissued the stock for \(\$ 62,400\) cash. Give the journal entry or entries necessary for these transactions.
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Related Book For 
Financial Accounting A Business Perspective
ISBN: 9780072289985
7th Edition
Authors: Roger H. Hermanson, James Don Edwards
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