1)Sam issues 1,500 shares of common stock with a $2 par value. The issue price of the stock is $13 per share. What is the journal entry required to record the issuance of the shares?

2)Jane issues common stock in exchange for legal services received. The common stock has a fair value of $3,000 and a par value of $500. What is the journal entry required to record this transaction?

3) Sunny has 60,000 shares authorized, 43,000 issued, and 12,000 shares of treasury stock.

a)How many shares are shares are outstanding?

b) How many shares are shares are unissued?