1 On February 1, 2017, Flounder Corporation issued 3,600 shares of its $5 par value common stock for land worth $23,300 Prepare the February 1, 2017, journal entry (Credit account titles are automatically indented when amount is entered Do not indent manually If no entry is required, select No Entry for the account titles and enter 0 for the amounts ) Date Account Titles and Explanation Debit Credit Feb 1, 2017 2 Bridgeport Corporation issued 1,900 shares of its $10 par value common stock for $70,400 Bridgeport also incurred $1,200 of costs associated with issuing the stock Prepare Bridgeports journal entry to record the issuance of the companys stock (Credit account titles are automatically indented when amount is entered Do not indent manually If no entry is required, select No Entry for the account titles and enter 0 for the amounts ) Account Titles and Explanation Debit Credit

Question

1  On February 1, 2017, Flounder Corporation issued 3,600 shares of its $5 par value common stock for land worth $23,300  Prepare the February 1, 2017, journal entry  (Credit account titles are automatically indented when amount is entered  Do not indent manually  If no entry is required, select  No Entry  for the account titles and enter 0 for the amounts ) Date Account Titles and Explanation Debit Credit Feb  1, 2017 2  Bridgeport Corporation issued 1,900 shares of its $10 par value common stock for $70,400  Bridgeport also incurred $1,200 of costs associated with issuing the stock  Prepare Bridgeports journal entry to record the issuance of the companys stock  (Credit account titles are automatically indented when amount is entered  Do not indent manually  If no entry is required, select  No Entry  for the account titles and enter 0 for the amounts ) Account Titles and Explanation Debit Credit

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Date	Account Titles and Explanation	Debit	Credit
Feb. 1, 2017

Question

1. On February 1, 2017, Flounder Corporation issued 3,600 shares of its $5 par value common stock for land worth $23,300. Prepare the February 1,

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