Question
Ayayai Corporation issued1,500shares of stock. Prepare the entry for the issuance under the following assumptions. (a) The stock had a par value of $4per share
Ayayai Corporation issued1,500shares of stock.
Prepare the entry for the issuance under the following assumptions.
(a)The stock had a par value of $4per share and was issued for a total of $40,000.(b)The stock had a stated value of $4per share and was issued for a total of $40,000.(c)The stock had no par or stated value and was issued for a total of $40,000.(d)The stock had a par value of $4per share and was issued to attorneys for services during incorporation valued at $40,000.(e)The stock had a par value of $4per share and was issued for land worth $40,000.
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