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17. Stock On November 26, 2020, ZXCV issues 7,500 shares of Common stock for $8 per share in cash. These Common stock shares have
17. Stock On November 26, 2020, ZXCV issues 7,500 shares of Common stock for $8 per share in cash. These Common stock shares have a Par Value of SI per share. In the space below, prepare the Nov. 26, 2020 journal entry to record the issuance of the common stock. On August 21, 2021, Sweet Potato Corporation issues 4,000 shares of No Par Preferred stock in exchange for Land with a market value of $125,000. In the space below, journalize the Aug. 21, 2021 journal entry to issue the No Par Preferred stock (5 points)
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