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Brief Exercise 10-4 Record issuance of common stock (LO10-2) Gothic Architecture is a new chain of clothing stores specializing in the color black. Gothic
Brief Exercise 10-4 Record issuance of common stock (LO10-2) Gothic Architecture is a new chain of clothing stores specializing in the color black. Gothic issues 1,000 shares of its $1 par value common stock at $23 per share. Record the issuance of the stock. How would the entry differ if Gothic issued no-par value 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 2 Record the issuance of common stock above the par value. Note: Enter debits before credits. Transaction 1 General Journal Debit Credit Record entry Clear entry View general journal >
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