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Aloha Corporation issues 14,000 shares of its common stock for $286,900 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 $286,900 cash on February 20. 1. Assume the stock has neither par nor stated value. Prepare journal entries to record this event. (Omit the "$" sign in your response.) Date General Journal Debit Feb. 20 Cash 286900 Credit Common stock, no-par value 286900 2. Assume the stock has a $18 par value. Prepare journal entries to record this event. (Omit the "$" sign in your response.) Date General Journal Debit Credit Feb. 20 Cash 286900 Contributed capital in excess of par val (Click to select) 3. Assume the stock has an $9.0 stated value. Prepare journal entries to record this event. (Omit the "$" sign in your response.) Date General Journal Debit 20 Feb. (Click to select) (Click to select) (Click to select) Credit (Click to select) Contributed capital in excess of par value, common stock Cash Common stock, $18 par value Common stock, no-par value Sales Accounts receivable Contributed capital in excess of stated value, common stock Common stock, $9.0 stated value
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