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1. Kolber Corporation is authorized to issue 200,000 shares of no-par stock. The company recently sold 80,000 shares for $13 per share. a. Prepare the
1. Kolber Corporation is authorized to issue 200,000 shares of no-par stock. The company recently sold 80,000 shares for $13 per share. a. Prepare the entry in journal form to record the sale of the stock assuming there is n Points) no stated value. (3 b. Prepare the entry in journal form if a $10 stated value is authorized by the company's board of directors. (3 Points) Date General Journal Description Post. Debit Ref. Page Credit
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