Question
Company: Amazon.com Inc. Transaction: Issued 10,000 shares of $50 par value common stock for $75 per share. Requirements: a. Prepare the journal entry to record
Company: Amazon.com Inc. Transaction: Issued 10,000 shares of $50 par value common stock for $75 per share. Requirements: a. Prepare the journal entry to record the issuance of common stock. b. Calculate the total amount of cash received. c. Record the common stock account. d. Determine the premium or discount on issuance. e. Update the stockholders' equity section of the balance sheet.
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Intermediate Accounting
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Nicola M. Young, Irene M. Wiecek, Bruce J. McConomy
11th Canadian edition Volume 1
1119048532, 978-1119048534
