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CALCULAT Brief Exercise 13-03 On May 10, Sheffield C orporation issues 2,850 shares of $15 par value common stock for cash at $22 per share.

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CALCULAT Brief Exercise 13-03 On May 10, Sheffield C orporation issues 2,850 shares of $15 par value common stock for cash at $22 per share. Journalize the issuance of the stock. (Credit account titles are automatically indented when amount Date Account Titles and Explanation Debit Credit May 10 SHOW LIST OF ACCOUNTS LINK TO TEXT Brief Exercise 13-04 On June 1, Marigold Inc. issues 2,950 shares of no-par common stock at a cash price of $7 per share. Journalize the issuance of the shares assuming the stock has a stated value of $1 per share. (Credit accou indent manually) Date Account Titles and Explanation Debit Credit June 1

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