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1: How do I journalize the issuance of the stock? On May 10, Blue Spruce Corporation issues2,050shares of $10par value common stock for cash at
1: How do I journalize the issuance of the stock?
On May 10, Blue Spruce Corporation issues2,050shares of $10par value common stock for cash at $20per share.
2: How do I journalize the issuance of the stock in acquiring the land?
Ayayai Inc.'s $9par value common stock is actively traded at a market price of $14per share. Ayayai issues6,500shares to purchase land advertised for sale at $80,000.
3:How do I journalize the issuance of the preferred stock?
Riverbed Inc. issues4,750shares of $110par value preferred stock for cash at $130per share.
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