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Caswell Corporation is authorized to issue 10,000 shares of common stock on Docember 31. It sells 5,000 shares at $16 per share. Required: Record the

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Caswell Corporation is authorized to issue 10,000 shares of common stock on Docember 31. It sells 5,000 shares at $16 per share. Required: Record the sale of the comman stock, given the following independent assumptions: 1. The stock has a par value of $10 per share: 2. The stock is no-par stock, but the board of directors has assigned a stated value of $8 per share. 3. The stock has no-par and no stated value. Fecord the sale of the common stock, given the following independent assumptions on December 31: 1. The stock has a par value of $10 per share. General Joumal instructions 2. The stock is no-par stock, but the board of directors has assigned a stated value of $8 per share. General Journal instructions 2. The stock is no-par stock, but the board of directors has assigned a stated value of $8 per share. 3. The stock has no-par and no stated value

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