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#4 (Ch. 13) Journalize the following entries: January 1, 20x1 MNO Inc. issues 10,000 shares of $10 par common stock at $25 per share.

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#4 (Ch. 13) Journalize the following entries: January 1, 20x1 MNO Inc. issues 10,000 shares of $10 par common stock at $25 per share. July 7, 20x1 MNO Inc. purchases 1000 shares of its $10 par stock at $30 per share. November 12, 20x1 MNO Inc. sells the 1000 shares purchased on July 7, 20x1 at $40 per share.

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