Question
Concord Corporation issued 2,750 shares of stock. Prepare the entry for the issuance under the following assumptions. (a) The stock had a par value of
Concord Corporation issued 2,750 shares of stock. Prepare the entry for the issuance under the following assumptions.
(a) The stock had a par value of $ 4.75 per share and was issued for a total of $ 45,000.
(b) The stock had a stated value of $ 4.75 per share and was issued for a total of $ 45,000.
(c) The stock had no par or stated value and was issued for a total of $ 45,000.
(d) The stock had a par value of $ 4.75 per share and was issued to attorneys for services during incorporation valued at $ 45,000.
(e) The stock had a par value of $ 4.75 per share and was issued for land worth $ 45,000.
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