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4 12 pts July Corp. issued 1,500 shares of common stock. Prepare the entry for the issuance if the stock had no par or stated
4 12 pts July Corp. issued 1,500 shares of common stock. Prepare the entry for the issuance if the stock had no par or stated value 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. Assets Cash Accounts Receivable Inventory Chart of Accounts Liabilities Accounts Payable Unearned Revenue Allowance for Doubtful Interest Payable Accounts Taxes Payable Supplies Notes Payable Prepaid Insurance Equipment Building Land Stockholders' Equity Common Stock Additional Paid-In Capital from Common Stock Preferred Stock Additional Paid-In Capital from Preferred Stock Treasury Stock Additional Paid-In Capital from Treasury Stock Retained Earnings Sales Revenue Advertising Expense
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