Question
a. Prepare the journal entry to record Zende Companys issuance of 74,000 shares of $8 par value common stock assuming the shares sell for $8
a. Prepare the journal entry to record Zende Companys issuance of 74,000 shares of $8 par value common stock assuming the shares sell for $8 cash per share.
1.Record the issue of $8par value common stock for cash.
b. Prepare the journal entry to record Zende Companys issuance of 74,000 shares of $8 par value common stock assuming the shares sell for $9 cash per share.
1.Record the issue of $8 par value common stock for cash.
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Auditing Cases An Interactive Learning Approach
Authors: Mark S. Beasley, Frank A. Buckless, Steven M. Glover, Douglas F. Prawitt
5th International Edition
0132815591, 9780132815598
