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Aloha Corporation issues 14,000 shares of its common stock for $147,200 cash on February 20. 1. Assume the stock has neither par nor stated value.
Aloha Corporation issues 14,000 shares of its common stock for $147,200 cash on February 20. 1. Assume the stock has neither par nor stated value. Prepare journal entries to record this event. (Omit the "$" sign in your response.) Date General Journal Debit 20 Feb. Cash 147200 Common stock, no-par value Credit 2. Assume the stock has a $9 par value. Prepare journal entries to record this event. (Omit the "$" sign in your response.) General Journal Credit Date 20 Feb. Debit 147200 Cash Common stock, $9 par value Cash Credit 3.Assume the stock has an $4.5 stated value. Prepare journal entries to record this event. (Omit the "$" sign in your response.) Date General Journal Debit 20 Feb. Cash 147200 (Click to select) Cash
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