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1. What are the entries to record the following? The company issued 1,000 shares of $1 par common stock for cash of $1,000. The company
1. What are the entries to record the following?
The company issued 1,000 shares of $1 par common stock for cash of $1,000.
The company issued 1,000 shares of $1 par common stock for cash of $2,000.
The company issued 1,000 shares of common stock for land, the fair value of the stocks on the date of purchase was $10,000.
The company issued 1,000 share of $2 stated value preferred stock to attorneys in payment of a bill for $4,000.
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