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Brief Exercise 10-41 (Algorithmic) Recording the sale of Common Stock Green Company, a food coloring manufacturer that provides its products to large processed food corporations,

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Brief Exercise 10-41 (Algorithmic) Recording the sale of Common Stock Green Company, a food coloring manufacturer that provides its products to large processed food corporations, issues 25,000 shares of common stock (par value $20) for $32 per share on September 30, 2019. Required: Prepare the necessary journal entry to record this transaction 2019 Sept. 30 Cash Common Stock 500,000 Additional Paid-In Capital Common Stock (Record sale of common stock)

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