A corporation issued 5 , 0 0 0 shares of $ 1 0 par value common stock
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Question:
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A corporation issued shares of $ par value common stock for $ cash.
A corporation issued shares of nopar common stock to its promoters in exchange for their efforts, estimated to be worth $ The stock has a $ per share stated value.
A corporation issued shares of nopar common stock to its promoters in exchange for their efforts, estimated to be worth $ The stock has no stated value.
A corporation issued shares of $ par value preferred stock for $ cash.
Prepare journal entries to record each of the following four separate issuances of stock.
Journal entry worksheet
Record the issue of shares of $ par value common stock for $ cash.
Note: Enter debits before credits.
tableTransactionGeneral Journal,Debit,Credit
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