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12 pts Flores Corp. issued 1,250 shares of common stock. Prepare the entry for the issuance if the stock had a stated value of $5

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12 pts Flores Corp. issued 1,250 shares of common stock. Prepare the entry for the issuance if the stock had a stated value of $5 per share and was issued for a total of $10,000 List debit transactions first and then list credit transactions Use accounts provided in the Chart of Accounts above. Do NOT create your own account When typing your responses, do NOT include a dollar sign. For example, if your answer is $10,000, you should be typing 10,000 or 10,000.00 without any dollar sign. Chart of Accounts Assets Liabilities Stockholders' Equity Cash Accounts Payable Common Stock Additional Paid-In Capital Accounts Receivable Unearned Revenue from Common Stock Allowance for Doubtful Interest Payable Preferred Stock Accounts Additional Paid-In Capital Inventory Taxes Payable from Preferred Stock Supplies Notes Payable Treasury Stock Additional Paid-In Capital Prepaid Insurance from Treasury Stock Equipment Retained Earnings Building Sales Revenue Land Advertising Expense Wages and Salaries Accumulated Depreciation Expense General Journals Account Titles and Explanation Debit ($) Credit($) cash Common Stock Question 3 12 pts a June Corp. issued 1,500 shares of common stock. Prepare the entry for the issuance if the stock had a stated value of $5 per share and was issued for a total of $48,000. List debit transactions first and then list credit transactions Use accounts provided in the Chart of Accounts above. Do NOT create your own account. When typing your responses, do NOT include a dollar sign. For example, if your answer is $10,000, you should be typing 10,000 or 10,000.00 without any dollar sign. Chart of Accounts Assets Liabilities Stockholders' Equity Cash Accounts Payable Common Stock Additional Paid-In Capital Accounts Receivable Unearned Revenue from Common Stock Allowance for Doubtful Interest Payable Preferred Stock Accounts Inventory Taxes Payable Additional Paid-in Capital from Preferred Stock Supplies Notes Payable Treasury Stock Additional Paid-In Capital Prepaid Insurance from Treasury Stock Equipment Retained Earnings Building Sales Revenue Land Advertising Expense Accumulated Depreciation Wages and Salaries Expense General Journals Account Titles and Explanation Debit ($) Credit ($) cash Common Stock

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