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Brief Exercise 1 0 - 4 ( Algo ) Record issuance of common stock ( LO 1 0 - 2 ) Hip - Hop Architecture
Brief Exercise Algo Record issuance of common stock LO
HipHop Architecture is a new chain of clothing stores. HipHop issues shares of its $ par value common stock at $ per share.
Record the issuance of the stock. How would the entry differ if HipHop issued nopar value stock? If no entry is required for a particular transactionevent seledt No Journal Entry Required" in the first account field.
tableNoTransaction,General Journal,Debit,CreditCash,,Common Stock,,Additional Paidin Capital,,Cash,,Common Stock,,
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