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Brief Exercise 10-3 (Algo) Record issuance of common stock (LO10-2) Cowboy Clothing issues 1,000 shares of its $0.01 par value common stock to provide funds
Brief Exercise 10-3 (Algo) Record issuance of common stock (LO10-2) Cowboy Clothing issues 1,000 shares of its $0.01 par value common stock to provide funds for further expansion. Assuming the issue price is $13 per share, record the issuance of common stock. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet < 1 Record the issuance of common stock. Note: Enter debits before credits Transaction 1 General Journal Debit Credit
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