Question
Common stock Paid-in capital Retained earnings Current Year $ 41 7,754 11,400 Prior Year $ 40 6,847 11,028 During the current year, Northwest Gas
Common stock Paid-in capital Retained earnings Current Year $ 41 7,754 11,400 Prior Year $ 40 6,847 11,028 During the current year, Northwest Gas and Electric reported net income of $1,383. 2. Assume that the only other transaction that affected stockholders' equity during the current year was a single stock issuance for cash. Recreate the journal entry reflecting the stock issuance (in millions). Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions (i.e., 10,000,000 should be entered as 10). View transaction list Journal entry worksheet < 1 Record the entry for stock issuance. Note: Enter debits before credits. Transaction 1 General Journal Debit Credit >
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