Todd Corporation sold 4 million of its $1 par common shares at $6 per share. The company
Fantastic news! We've Found the answer you've been seeking!
Question:
Todd Corporation sold 4 million of its $1 par common shares at $6 per share. The company received net proceeds from the public offering of $23,600,000, after deducting legal, promotional, and accounting services necessary to affect the sale. Prepare the appropriate journal entry for the sale of the stock.
Related Book For
Financial Reporting and Analysis
ISBN: 978-0078025679
6th edition
Authors: Flawrence Revsine, Daniel Collins, Bruce, Mittelstaedt, Leon
Posted Date: